Healthcare Hedge Fund Launch
Davidson Kempner's Wong Launches Healthcare Hedge Fund
The RTW fund is an event-driven vehicle, accoring to Hedge Fund Alert. It invests primarily in stocks—pharmaceuticals, medical device makers and diagnostic tool markets are its current focus—but will also invest it derivatives and fixed-income instruments.
Wong managed Davidson Kempner’s $750 million Healthcare Fund to great effect from its launch in 2006 to its peak in 2008. Beginning as a healthcare portfolio in 2005, the fund enjoyed consistent returns until 2008, when it lost 18%. Wong resigned shortly thereafter, and Davidson Kempner shuttered the fund.
At RTW, Wong is joined by three partners: Naveen Yalamanchi, a fellow doctor who served as Wong’s senior analyst at Davidson Kempner; CFO Sabera Loughran, who most recently worked at defunct hedge fund Prime Capital; and Maggie Toppin, RTW’s operations manager who joins from Minneapolis hedge fund Speece Thorson. Source
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Tags: Healthcare Hedge Fund Launch, Healthcare hedge funds, hedge funds investing in healthcare, hedge funds healthcare industry, healthcare investments, RTW Investments, Roderick Wong