Sunday, 3 May 2015
Last updated 2 days 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.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…