Financial Briefs

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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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This entry was posted on September 24, 2008 at 7:04 pm and is filed under Economy, Markets, Oil, Stocks, World. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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

  1. jwojdylo said

    September 24, 2008 at 7:23 pm

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

    http://jwojdylo.wordpress.com

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