FrontPoint Vet Launches Healthcare Hedge Fund

Mar 15 2012 | 2:41am ET

Healthcare was the death of FrontPoint Partners, but it's given new life to one former executive.

Brian Shim and partner Eli Casdin, formerly of Alliance Bernstein, rolled out an equity long/short healthcare hedge fund earlier this year. Shim serves as CFO and chief operating officer at Casdin Capital, which he and Casdin set up in November, HFMWeek reports.

Shim left FrontPoint's Brookville Funds, where he was an executive director, in July. FrontPoint went out of business in January, little more than a year after its top healthcare hedge fund manager, Joseph Skowron, was named in an insider-trading scandal. Skowron went to prison, and FrontPoint never recovered, closing or spinning off all of its hedge funds.

Casdin was an analyst for four years at Alliance Bernstein, also leaving that firm in July. He formerly worked as an analyst at Goldman Sachs.


In Depth

Steinbrugge: Will Hedge Funds Help or Hurt During the Next Market Correction?

Sep 7 2016 | 11:55pm ET

Most investors have become accustomed to quick rebounds when markets correct, but...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...