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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 ...

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