Pickens Hedge Funds Down Double-Digits

Pickens’ BP Capital has seen its hedge funds shed about $1 billion this year, costing Pickens himself $270 million that could have been spent on more television commercials flogging “the Pickens Plan.” The firm’s commodity fund, which started the year with $600 million, is down 84% through August, while its $2 billion energy stock fund is down almost 30%.

Even Pickens couldn't anticipate the monetary chaos.