Icahn: Some Stocks, Senior Debt Offer "Great Opportunity"

Renowned corporate-raider-turned-sharholder-activist Carl Icahn tells Barron’s that there are great buying opportunities in this market, particularly in stocks and senior corporate debt. Icahn talks about the problems with corporate management in America, as well as the stake he has in Yahoo! (he owns around 5.4% of the firm) and his ideas on how to maximize shareholder value. Icahn — who stressed that the market could get worse despite the great values that exist — also thinks that many hedge funds are set to fail over the next few years, as managers deal with not making very much in fees due to the heavy recent losses and claw-back provisions.