Wednesday, September 24, 2008

T. BOONE

Reuters *(thanks to RUETERS FOR STORY)

Pickens funds down about $1 billion this year:

Wednesday September 24, 7:14 am ET

(Reuters) - Texas oil magnate T. Boone Pickens' hedge funds have lost around $1 billion this year, including $270 million of personal losses, The Wall Street Journal said.
One fund focused on energy stocks was down almost 30 percent through August, the paper said adding that a smaller commodity-focused fund is down 84 percent.

"It's my toughest run in 10 years," the paper quoted Pickens as saying.
Pickens could not be immediately reached for comment by Reuters.

(Reporting by Ajay Kamalakaran in Bangalore; editing by John Stonestreet)

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