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T. Boone Pickens closes energy hedge fund, cites diminishing health

“Legendary energy investor T. Boone Pickens is shutting the doors on his energy hedge fund, BP Capital” writes Becky Quick for cnbc.com. The Wall Street Journal first reported Pickens fund was closing on Friday.After retiring at 68, he formed the energy investment firm BP Capital, where he made his first billion dollars.Pickens cited declining health as a reason for closing the fund.The fund will “move toward a family office structure,” he said, noting that key employees of BP Capital will be going out on their own.
 
Source: cnbc.com



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