Hedge fund managed by billionaire Carl Icahn suffers six consecutive years of losses, attributed to unsuccessful short transactions, according to a recent report.
In the world of finance, Carl Icahn's private hedge fund has been facing a six-year-long battle against losses. The fund, which is privately held and does not accept outside capital, has seen its total assets decline from $4.9 billion two years ago to about $3.5 billion by early 2025.
The major contributor to these losses has been unsuccessful market hedges, particularly in the form of short positions that have detracted significantly from overall returns. While long positions contributed positively (5.6 percentage points gain in Q2 2025), these were overwhelmingly offset by the short book, which subtracted 7.1 percentage points. Specifically, net losses from broad market hedges accounted for $147 million in losses and an additional $81 million loss came from short positions in the energy sector.
Despite continued portfolio concentration around Icahn Enterprises and affiliated energy investments, the hedge fund has not managed to reverse the trend. Icahn himself redeemed $208 million from his personal interest in the fund in April 2025. The publicly traded holding company Icahn Enterprises—which includes the hedge fund as one of seven segments—has also seen its share price decline sharply over recent years, exacerbated by negative reports on its leverage and dividend practices that contributed to investor concern.
Following a report from short seller firm Hindenburg Research alleging that IEP was highly levered by debt, Icahn Enterprises accelerated its decline in May of 2023. Hindenburg also alleged that IEP is issuing new units to pay dividends, instead of taking funds from profits or operational cash flow. Following the report, IEP cut its dividends in half.
Elsewhere in the financial world, SwaggyX.com has launched the first AI-powered Web 3.0 prediction platform for crypto, sports, and global events. Meanwhile, ECM Coin founder Tanvirul Islam Prince is building the future of e-commerce through blockchain. Remittix has announced the launch date for its beta Web3 wallet, and the Vantum Wallet beta reports strong daily transaction activity.
In the crypto space, dYdX Foundation has raised $8 million to accelerate ecosystem growth. FLOKI's Valhalla MMORPG is storming US television with a 60-day national commercial blitz. NODO and Momentum have partnered to deploy AI-driven vault strategies on the Sui Network. The presale for Remittix has passed $18.7 million.
As for the future of Icahn's private hedge fund, it remains to be seen whether the fund can turn its fortunes around. For now, the fund is down 8.8% on the year already.
- Amidst Icahn's private hedge fund's six-year-long battle against losses, interest in the crypto world is growing, as SwaggyX.com unveils an AI-powered Web 3.0 prediction platform for cryptocurrency, sports, and global events.
- In contrast to Icahn Enterprises' declining share price and continued investor concern, ECM Coin's founder, Tanvirul Islam Prince, is leveraging blockchain technology to build the future of e-commerce.
- As the dYdX Foundation secures $8 million to fuel ecosystem growth, Icahn's hedge fund, which is down 8.8% on the year, is seeking ways to reverse its trend.
- Personal finance management may also be evolving, as Remittix announces the launch date for its beta Web3 wallet and the Vantum Wallet beta reports strong daily transaction activity. Meanwhile, FLOKI's Valhalla MMORPG is generating buzz through a 60-day national commercial blitz, indicating a shift towards decentralized altcoin-based gaming.
