Wednesday, 1 October 2014
Last updated 11 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 McKitish of Peddie School's 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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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