Thursday, 27 November 2014
Last updated 1 day 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...