Ex-Icahn Exec. To Launch Fund With Soros Money

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.


In Depth

Virtu Celebrates Another Year Without a Single Day of Losses

Feb 26 2015 | 9:05am ET

High-frequency trading firm Virtu Financial Inc. reported another year without a...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk: How To Get In Front Of The Problem

Feb 26 2015 | 9:53am ET

In considering the topic of risk in the hedge fund world, specifically, the oversight...

 

Editor's Note