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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Carl Icahn Discloses Meeting With Apple's Tim Cook

Aug 25, 2013
Jing Chen

Activist investor and hedge fund manager Carl Icahn once again went on Twitter to divulge his investment plans.

Known for being an outspoken investor, Icahn revealed on the social media platform that he is planning to meet with Apple CEO Tim Cook next month for dinner to discuss the size of the company’s buyback program. Icahn wants the technology company to allocate $150 billion for a repurchase.

eVestment reported earlier this month that Icahn disclosed his large stake in Apple on Twitter, which led to a surge of the company’s shares. Apple’s stock broke above $500 for the first time in nearly eight months the day after Icahn made his reveal.

Icahn returned outside money for his firm in 2011 to focus on investing his own funds.

Source: 

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