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Legendary Oil Tycoon T. Boone Pickens Shuts Main Fund

  • Oil trading no longer intriguing for 89-year-old investor
  • Pickens planning to focus on entrepreurship, philanthropy
T. Boone Pickens

T. Boone Pickens

Photographer: Michael Nagle/Bloomberg

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Legendary oil tycoon T. Boone Pickens is closing his hedge fund, saying oil trading has lost its luster.

Instead, the onetime Texas oil wildcatter wrote in a LinkedIn post that he wants to invest in “personal passions like promoting unbridled entrepreneurship and philanthropic and political endeavors.”