Financial Briefs

Breaking financial news from Wall Street to Main Street

Pickens missed market turn, his funds lose big

Posted by financialbriefs on September 24, 2008

T. Boone Pickens took a wrong turn and it has cost him dearly as oil prices have tumbled, resulting in roughly $1 billion in losses for one of his energy-focused hedge funds, the Texas energy tycoon told Reuters on Wednesday.

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One Response to “Pickens missed market turn, his funds lose big”

  1. jwojdylo said

    Whew, rough day but he has made his money tenfold in this energy bull market.

    http://jwojdylo.wordpress.com

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