Legendary Wall Street trader Carl Icahn’s long-standing bet against equities markets has continued to cost him. His investment fund is heading towards its fourth annual loss in the last six years as the stock market soars. Icahn’s investment fund lost 7.3% in the third quarter of this year and is down 15.6% in the first nine months of 2019, according to an Icahn Enterprises report that was filed with the Securities & Exchange Commission on Tuesday. On an investor call held on Tuesday, an Icahn Enterprises executive, Keith Cozza, said the investment fund’s “negative performance in Q3 was driven by net losses in our short equity index positions and certain core long equity positions.” (Forbes)