Icahn Capital veteran Alex Denner launching Health Care focused Activist hedge fund Sarissa Capital

May 1st, 2013
| More
Alex Denner, once Carl Icahn’s right hand investment manager in several successful activist investor drug company turnarounds, is ready to launch his own health care-focused hedge fund, Sarissa Capital Management LP. According to Bloomberg, Denner’s Sarissa Capital hedge fund will launch this summer with seed capital from Meritage Group LP.

Sarissa Capital Management will take a long-bias approach in building a relatively small portfolio of companies in which it will apply its activist strategy. According to insiders, as much as 50 percent of the portfolio will be comprised of a core group of no more than five positions. Alex Denner is known for being an instrumental participant in Carl Icahn’s high profile success in turning around cancer-drug maker ImClone from 2002 and 2008.
For Detailed Investor Profiles on these Investors, click below:
Icahn Associates (Carl Icahn)
Related People: Alexander J. Denner; Brett Icahn; Carl Icahn; Keith A. Meister*
Related Entities: High River Limited Partnership; Icahn Partners; Icahn & Co Inc; Icahn Associates; Icahn Enterprises (formerly American Real Estate Partners); Icahn Fund Ltd; Icahn Partners LP
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles; Hedge Fund Jobs, Hirings and Firings; Hedge Fund Launches and Hedge Fund Closings

More Recent Headlines

Daniel Loeb’s Third Point to parlay Greek Debt Gains into New Hedge Fund Targeting Greek Assets

Microsoft Shares Get a Lift from Jeffrey Ubben’s ValueAct Capital

Jana Partners LLC’s investments ready to bloom after Sales of Business Units

Kris Jenner Mark Bussard and Graham McPhail launch Rock Springs Capital Management April 2013

GLG veteran James Berger preps B1 Capital hedge fund for launch

Top Technology, Media & Telecom Hedge Funds Oversee more than $45 Billion in TMT Equities

RWC to Launch Global Equity Team With ex-Marathon Fund Manager

Total Compensation Falls by $8 Billion for Top Hedge Fund Managers; Appaloosa’s David Tepper leads List

Bank Trader Exodus Continues to Feed Hedge Fund Hiring Binge

Marty Lipton: Shareholder Champion, Stakeholder Protector or Management Tool?