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.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...