OrbiMed To Close Hedge Fund To New Money

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.


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...