New Hedge Fund Launches Healthcare Vehicle

Nov 16 2011 | 11:43am ET

Nascent Boston hedge fund North Tide Capital has added a healthcare fund to its lineup, managed by a former Millennium Management affiliate.

North Tide's long/short healthcare-focused equity fund is helmed by Conan Laughlin. Until March, Laughlin served as a portfolio manager at healthcare specialist BCL Capital Management, which is affiliated with Millennium, HFMWeek reports. Laughlin worked at BCL for six years.

North Tide launched its maiden hedge fund in September.

The new healthcare fund has a $1 million minimum investment requirement, the firm said in a Securities and Exchange Commission filing.

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