Reports Q3 revenue $2.72B vs. $2.79B last year. The company said, “As of September 30, indicative net asset value increased $567M compared to June 30. The increase was primarily due to gains of $678 million of our long position in CVI and the positive performance of $267M of the long and other positions in the Funds. The increase was offset in part by losses of $281M attributed to our hedging efforts we use to protect our portfolio within the Funds, IEP‘s distribution of $79M and the Holding Company’s net interest expense of $72M.”
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