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

May 1st, 2013
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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


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