Highland Hands Healthcare Mutual Fund To Hedge Fund Cummings Bay

May 14 2010 | 1:11am ET

Hedge fund Highland Capital Management has hired Cummings Bay Capital Management to run its healthcare mutual fund.

The Highland Healthcare Fund has been renamed the Highland Long/Short Healthcare Fund to reflect its changed strategy under new manager Michael Gregory. Gregory is the founder of Cummings Bay, a long/short healthcare hedge fund shop, and he previously worked at Sands Point Partners and Iroquois Capital.

“This healthcare reform legislation is the largest structural change to healthcare in America since Medicare and Medicaid in 1965,” Gregory said. “The implementation of this reform creates a new investment cycle in which investors can take advantage of low valuations coupled with improving business clarity in the healthcare sector. In addition to the new opportunities created by reform implementation, certain healthcare companies will face significant challenges and reimbursement headwinds, thus making a long/short strategy particularly relevant to this sector at this time.”

“In addition to Michael's experience and prowess in healthcare investing, we believe he has demonstrated a strong history of performance and risk management in applying a long/short investing strategy to this sector,” Joe Dougherty, Highland’s head of retail products, said. “Michael's long/short strategy is well-suited to the unprecedented opportunities and significant uncertainties in healthcare today and Highland is extremely excited to be offering investors the only long/short healthcare mutual fund available.”


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.