Thursday, 2 October 2014
Last updated 3 min ago
Aug 19 2011 | 4:46am ET
Perella Weinberg Partners has launched a UCITS III-compliant version of the healthcare hedge fund it acquired last year.
Perella's Tokum fund invests across the healthcare industry, in biotechnology, pharmaceuticals, medical technology and other areas. The four-year-old fund is run by former Amaranth Advisors portfolio manager Emile Westergaard. Perella Weinberg hired Westergaard and took over Tokum's funds early last year.
The MS Perella Weinberg Partners Tokum Long/Short Healthcare UCITS Fund debuted yesterday on Morgan Stanley's UCITS platform, FundLogic Alternatives.
The fund "will leverage our team's bottom-up fundamental research process to identify, within the healthcare industry’s rapidly evolving technological and regulatory frameworks, material levers impacting businesses positively or negatively over a two to four-year horizon," Westergaard said. "We strongly believe our unique portfolio construction matrix, which has been developed to take into account a multi-factored set of inputs guided by absolute return objectives, implied volatility targets and liquidity requirements, fits well within the UCITS framework.”
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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