Investment icon Carl Icahn has turned his attention to the hedge fund industry. The financial veteran is readying plans for a multi-billion fund. Icahn is reportedly looking to raise as much as $3 billion for a multi-strategy hedge fund. Three billion seems to be the magic number with several other manager announcing plans for their own "mega" funds, including former Goldman Sachs executives Eric Mindich and Dinakar Singh, who are each looking to raise a similar sums later this Fall.
Carl Icahn : focusing on hedge funds with multi-strategy product
Icahn seems to be going