Hedge Funds

Icahn Partners goes live with $1.1 billion


Corporate raider Carl Icahn has officially launched Icahn Partners. The fund opened with $1.1 billion - significantly less than the $3 billion he was hoping for.

Icahn expects to reach $1.6 billion by year-end. His team will include Vince Intrieri, who has worked at arbitrage shops, Elliot Associates and Westgate International, as a managing director and Keith Meister as a senior investment analyst and partner.

Another partner is Richard Elden, a former principal at Chicago-based Grosvenor Capital. Icahn's team will run an equity long/short, value-driven book and will also include four more analysts, six in-house