Perella's Tokum Healthcare Fund Goes UCITS

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.”


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR