NEW YORK (Reuters) - The net short position of an investment fund run by billionaire Carl Icahn sharply increased at the end of the first quarter, meaning he could be one of the biggest beneficiaries if financial markets crash, Barron’s reported over the weekend.
The fund had a net short position of 149 percent at the end of the first quarter in stark comparison to 25 percent at the end of 2015 and a net long position of 4 percent a year ago, the report said.
This was disclosed by the management of Icahn Enterprises, which holds a $1.8 billion interest in the investment fund, on a May 5 earnings call.
Reporting by Marcy Nicholson; Editing by Chris Reese
Our Standards: The Thomson Reuters Trust Principles.