Tuesday, 4 August 2015
Last updated 9 hours ago
Dec 17 2010 | 12:51am ET
A former protégé of Carl Icahn is launching a hedge fund of his own, seeded by Icahn's fellow billionaire George Soros.
Soros Fund Management will invest $250 million in Keith Meister's still-unnamed new fund. The 37-year-old plans to use what he learned at Icahn Associates: The event-driven vehicle will employ an activist strategy, The New York Times reports.
Meister resigned from Icahn this summer after spending eight years at the firm. He rose to become one of Icahn's most trusted lieutenants, serving on the boards of several portfolio companies and as principal executive officer of Icahn Enterprises, overseeing its gaming and real-estate investments.
Meister was this year named one of the highest-paid executives under 40 by Fortune magazine.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…