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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. Pickens cited declining health as a reason for closing the fund. "It's no secret the past year has not been good to me, from a health perspective or a financial one," Pickens said in a confidential letter obtained by CNBC. "Health-wise, I'm still recovering from a series of strokes I suffered late last year, and a major fall over the summer. If you are lucky enough to make it to 89 years of age like I have, those things tend to put life in perspective." The fund will "move toward a family office structure," he ... (full story)