From Insider Monkey:
T. Boone Pickens is an oilman turned fund manager. Instead of taking risks in the oil fields, Pickens now takes risks in financial markets...
Katherine Burton profiled Boone Pickens in her book
Hedge Hunters. Boone Pickens' most memorable quote from the book is, "Most of my ideas work, but the timing gets screwed up every once in a while." Here is an excerpt from the book about Boone Pickens' performance until 2008:
"His energy stock hedge funds, which invest 90 percent in equities and 10 percent in commodities, averaged returns of about 38 percent a year through mid-2007 since starting in August 2001. His oil and gas commodities fund distributed about $2.8 billion to investors since he started it in 1997. About $1.6 billion of the $4.3 billion BP Capital manages is Pickens’s personal fortune. New clients pay a 1.75 percent management fee and 30 percent of any profit."
Insider Monkey... analyzed Boone Pickens' latest 13F filings. Pickens added five new companies to his portfolio and increased his holdings in five more companies. Here is how they performed since the end of 2010...
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