You are here: Home » Reuters » News
Business Standard

Legendary U.S. investor Boone Pickens closes energy hedge fund after setbacks

Reuters  |  HOUSTON 

By Jessica Resnick-Ault and Gary McWilliamsHOUSTON (Reuters) - Legendary investor T. Boone Pickens said on Friday he had closed his Dallas-based energy hedge fund after health and financial upsets, the latest oil-focused fund to report setbacks. Pickens, 89, said in a letter posted online that he planned to focus on his health and entrepreneurship, philanthropic and political activities. He is still recovering from a serious fall last summer and suffered a series of strokes in late 2016. "Trading oil is not as intriguing to me as it once was," he wrote. "It's no secret the past year has not ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sat, January 13 2018. 00:14 IST
RECOMMENDED FOR YOU