Icahn Puts Another $250 Million Into His Fund

Trying to instill confidence in his investors, Mr. Icahn decided to make another $250 million cash injection into the fund on Jan. 1. Still, over the last five months, Icahn Capital’s funds under management have shrunk by about $2.5 billion.

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“Our 2008 results failed to meet expectations,” Mr. Icahn told his investors in the letter, sent out last month. While the overall stock market was down about 40 percent last year, he blamed the fund’s losses on concentrated bets on Motorola and Yahoo and a failed wager on a rebounding credit market.