A former executive of Carl Icahn’s firm, Keith Meister, has set up a new hedge fund and has appointed three partners, FINalternatives reports. The new firm, Corvex Capital, expects to raise at least $1 billion by the end of 2011 and has secured the support of Soros Fund Management, which will initially invest $250 million in the fund.

Meister has appointed former Icahn Management’s COO and investor relations chief, Rupal Doshi, as COO of Corvex. Former Omega Advisors’ portfolio manager, Nick Graziano, and SAC Capital Advisors’ veteran, Michael Doniger, have joined as senior managing directors.

Click here for the story from FINalternatives. 

Click here for additional coverage from HFMWeek.