Brett currently co-manages a hedge fund which gained an impressive 50% return on capital in 2011.
Brett Icahn is a second generation investor. His father Carl Icahn is the fifth wealthiest fund manager and the 32nd wealthiest person on the planet with a Net worth 16.1 billion USD.
His mother is Liba Trejbal, a former ballerina from the Czechoslovakia.
He graduated from Choate Rosemary Hall and Princeton University. Icahn interned at Goldman Sachs. He then diverted from finance directing art films.
In 2001, he founded Myelin Media and one year later he joined his father’s company Icahn Enterprises, in 2002.
Since June 2004, he has been an investment analyst for Icahn Partners LP, Icahn Master, Icahn Master II and Icahn Master III and Icahn Partners Master Fund LP, and Icahn Master.
Brett Icahn co-manages a hedge fund with David Schechter, which includes the Sargon portfolio from his father’s company. His fund invested heavily in Apple and Netflix shares.In 2011, his hedge fund had a return of 50 percent.
Brett Icahn serves as Vice President of Modal LLC and he sits on various Boards which include the Board of Directors of American Railcar Industries since January 16, 2007, the Hain Celestial Group (NASDAQ: HAIN) since July 2010, the Cadus Corporation since July 1, 2010, and Motricity since January 2010. Brett also serves on the Board of Take-Two Interactive (NASDAQ) and HowStuffWorks.
His father gave him management responsibility for US$3 billion and there is a rumor that he may soon take over his father’s company.
Brett Icahn is a second generation investor. His father Carl Icahn is the fifth wealthiest fund manager and the 32nd wealthiest person on the planet with a Net worth 16.1 billion USD
INVESTMENT STYLE
Carl Icahn has been and most likely still is a major mentor guiding Brett’s successful investment career. Brett Icahn played a major role in his father’s attempted takeover of Lions Gate.
Carl Icahn ended his three-year hostile takeover of the company after his offer was rejected by shareholders.
Brett Icahn is most probably a contrarian investor engaging in “investor activism”.
As a firm we own approximately 53,000,000 shares, we haven’t sold a single share – Brett Icahn
LEARNING RESOURCES
Seasoned investors, traders probably best know Icahn (family) for the “Icahn Lift”, this is when stocks rise sharply following Icahn’s decision to invest in the company’s stock.
His father gave him management responsibility for US$3 billion and there is a rumor that he may soon take over his father’s company.
CONNECT WITH INVESTOR
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Brett Icahn
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