Tuesday, 4 August 2015
Last updated 12 hours ago
Jul 25 2012 | 11:00am ET
A top healthcare hedge fund has gotten nearly big enough: OrbiMed Advisors will close its flagship hedge fund to new investment, possibly as soon as this quarter.
The firm's Caduceus Capital has some $1.8 billion in assets under management, having added $300 million in the second quarter thanks to strong performance and inflows. But the fund will shut out the latter when it reaches $2 billion, Hedge Fund Alert reports.
OrbiMed's popularity is no surprise: Caduceus is up 20% this year and has returned an average of 19% a year since its launch in 1993. What's more, the firm has never gated redemptions or moved any assets into side pockets.
OrbiMed runs a total of $6.2 billion, primarily in long-only and private equity funds.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…