Saturday, 26 July 2014
Last updated 17 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…