Corvex Capital has raised almost $500 million in assets under management, Barron’s reports. The Keith Meister owned hedge fund firm was partially funded by Soros Fund Management.

The New York-based event-driven fund aims to raise $500 million more in assets. Meister launched Corvex in March this year along with Rupal Doshi, a former employee of Carl Icahn. Meister also worked at Icahn Enterprises.

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