Forward Hires Team In Advance Of Hedge Fund Launch

Oct 16 2012 | 2:04pm ET

Forward Management has announced the addition of the Asymmetry global healthcare team in advance of the launch of a new hedge fund in early 2013. The new vehicle is slated to be a long/short equity strategy that will invest globally across all healthcare sectors and market capitalizations.

Scott Kay is the portfolio manager for the team. A 20-year healthcare industry veteran, Kay was a founding partner at Partner Fund Management, where he was therapeutic sector head. Previously, he was a senior healthcare analyst at Andor Capital Management and at Bank America Securities, where he was ranked among top healthcare analysts by Institutional Investor. Earlier in his career he held various roles in marketing, sales and operations at Pfizer.

Also joining the team is Chris Zellner, who will be responsible for operations and business development. He brings to the team two decades of global markets and investment banking experience with Bank of America Merrill Lynch, Lehman Brothers and Morgan Stanley, among others.

Two senior analysts, both of whom have previously worked with Kay, will round out the team.

“This new team adds an important and exciting dimension to Forward’s investment capabilities. Much like the technology sector, healthcare is a fast-growing, rapidly changing industry that is experiencing a variety of disruptions. For managers who understand the industry’s dynamics, this translates into a multitude of long and short investment opportunities,” said Alan Reid, CEO of Forward.

Forward is the adviser to the Forward Funds. As of the end of September, the firm managed $5.7 billion in a diverse product set offered to individual investors, financial advisors and institutions.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

With NFL season on the horizon, it’s time to take a look at our Fantasy Football value picks. Last year, we nailed it on Drew Brees, Jordan Howard, Frank Gore and Dwayne Allen. We missed pretty badly on Duke Johnson, Demaryius Thomas, Mohammed Sanu and Eli Manning.