Large Hedge Funds Pile Into Carl Icahn’s Latest Target

Back in October last year, Carl Icahn released an open letter to Southwest Gas in which the billionaire activist investor announced that he was a large shareholder in the company, having acquired a 4.9% stake in the business. He went on to criticize management for trying to buy Dominion Energy Questar Pipeline, LLC for more than $1.9 billion. Icahn believed that the acquisition of the Questar assets was just the latest in a string of mistakes from the company’s management. “During the past few years, management of SWX has made a number of egregious errors at the expense of shareholders….