Hedge fund guru Carl Icahn’s former healthcare investing executive is launching his own firm next quarter.
Bloomberg reported that Alex Denner will start Connecticut-based Sarissa Capital Management with an undisclosed seed capital from Meritage Group.
Several former Icahn Associates employees, including Mayu Sris and Mark DiPaolo will join Denner at Sarissa. The firm will run a health-care focused and long-biased portfolio with fewer than 20 positions.
Denner made about $2 billion in profit during his five-year tenure at Icahn. Prior to joining Icahn in 2006, Denner was a portfolio manager at New York-based Viking Global Investors.