From Reuters:
"The commodity half of oil tycoon T. Boone Pickens's BP Capital hedge fund lost 35 percent of its value in July, the New York Post said, citing sources."
Ouch. Sounds as if old T. Boone needs to spend a little bit less time campaigning for his Pickens Plan, and a little more time running his hedge fund. (Okay, maybe that's a little harsh considering he is poised to make big $$$ should his 'Plan' materialize in any way shape or form).
Nevertheless, it will be interesting to see what his 13F looks like when he files that here in the next few days. It sounds as if he was pretty stubborn with some natural gas and oil plays though, that's for sure. Considering that commodities took it on the chin in July, and given the fact that his fund is energy-centric, the losses make sense. But you'd think that someone with as much experience in the energy markets as Boone would be a bit quicker to react/adapt to what was happening.
