January 12, 2018
Citing health concerns, T. Boone Pickens said he’s going to close down the energy-focused hedge fund he has run for the last two decades.
The move closes a chapter in a nearly seven-decade career that has included stints as a wildcatter, corporate raider, cattle trader and clean-energy evangelist, as the Wall St. Journal puts it.
“The 89-year-old Oklahoma native cited both his deteriorating health and weak financial performance as reasons for closing the fund, according to a letter that he plans to publish soon and was reviewed by The Wall Street Journal.
“Mr. Pickens said he is recovering from a series of strokes last year and a bad fall.”