Wednesday, 25 November 2015
Last updated 1 hour 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…