T. Boone Pickens Shuts Down Oil Hedge Fund

Oilman and investment manager T. Boone Pickens is calling it quits with the energy-focused fund he has managed for the past two decades—BP Capital—citing deteriorating health, according to a letter by the legendary oil investor reviewed by The Wall Street Journal. “It’s no secret the past year has not been good to me, from a health perspective or a financial one,” Pickens, 89, wrote in the letter. “If you are lucky enough to make it to 89 years of age like I have, those things tend to put life in perspective,”…

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