Tuesday, 23 September 2014
Last updated 7 hours ago
Apr 23 2010 | 1:12pm ET
Healthcare reform isn’t scaring off one industry veteran. Former Invesco portfolio manager John Schroer is to launch a healthcare hedge fund this summer.
Denver-based Schroer Capital will unveil its debut fund on July 1, HedgeFund.net reports, despite the uncertainty surrounding the sector in the wake of President Barack Obama’s reform package, which became law last month. Schroer said the new landscape is not disadvantageous for healthcare hedge funds.
“Healthcare reform is an ongoing process,” he told HFN.
The Schroer fund will employ a long/short strategy, going 20% to 50% net long. The fund will manage $50 million at launch.
Schroer himself is no stranger to managing healthcare portfolios, having done stints at private equity firm HealthCor, ITROS Capital Management and TCW Group before joining Invesco.
The fund features three share class, with a $1 million minimum investment. UBS serves as prime broker, with Goldman Sachs dealing with back-office accounting duties.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.