Icahn, Ackman Vets See Hedge Fund Assets Soar

Sep 4 2013 | 12:32pm ET

Carl Icahn and William Ackman may be going their separate ways, but two of their former lieutenants are on the same path.

Icahn protégé Keith Meister's two-year old Corvex Management has more than doubled in size this year, and now manages $4.2 billion. Marcato Capital Management, helmed by former Pershing Square Capital Management portfolio manager Richard McGuire, has grown by 80% to $1.8 billion, according to Absolute Return's billion-dollar club ranking.

The two are among the fastest-growing hedge funds of the year.


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