New FrontPoint Hedge Fund Focuses On Emerging Markets Healthcare

Mar 15 2010 | 1:40pm ET

FrontPoint Partners has launched an emerging markets healthcare fund, adding a veteran of the Indian industry to co-manage it.

The Morgan Stanley-owned firm’s new offering will invest in healthcare equities in emerging markets, seeking to profit from “the significant opportunities in the healthcare sector which we believed will be driven by growing healthcare demand from the developing markets over the next decade,” co-CEO Mike Kelly told Hedge Funds Review.

The new fund will be co-managed by Chip Skowron, the founder of the FrontPoint Healthcare Funds, and Rajiv Shukla, a 10-year veteran of the Indian healthcare industry.

Shukla joined FrontPoint from private equity shop ICICI Venture, which is focused on healthcare investments. He’s also done stints at Pfizer and investment bank Avendus Capital. He is based in FrontPoint’s London office.

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