Wednesday, 3 September 2014
Last updated 13 hours ago
Sep 16 2011 | 4:57am ET
Another Carl Icahn deputy is leaving the legendary corporate raider's nest to found a hedge fund of his own.
Alex Denner, for five years Icahn's right-hand man on matters healthcare, plans to open his new firm by the end of the year, Bloomberg News reports. The move comes just months after Denner and Icahn signed an agreement promising the former a bigger piece of the profit from Icahn Enterprises' investment in Forest Laboratories.
Icahn earlier this year decided to return all outside capital managed by his hedge fund. Last year, the firm's principal executive officer, Keith Meister, launched his hedge fund, Corvex Capital, which has raised almost $500 million.
According to Bloomberg, Icahn may invest in Denner's fund.
Denner joined Icahn in 2006, helping lead a number of activist campaigns against pharmaceutical companies—and serving on the boards of several of them. Prior to working with Icahn, Denner worked at Viking Global Investors and Morgan Stanley.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost a...