Star Healthcare Manager Trades Mutual Fund For Hedge Fund

Apr 11 2013 | 12:58pm ET

A former T. Rowe Price healthcare mutual fund manager has lined up more than $100 million for his new hedge fund.

Kris Jenner's Rock Springs Capital will offer its maiden healthcare and biotechnology fund later this year, Bloomberg News reports. The new fund will employ much the same strategy Jenner used at T. Rowe's $5.8 billion Health Sciences Fund, although it, unlike the mutual fund, will have the ability to short stocks.

Jenner worked at T. Rowe from 1997 until February. His fund, which he began to manage in 2000, was T. Rowe's best-performing fund over the five years prior to his departure, with an annualized return of 13%.

Jenner, who has a medical degree from Johns Hopkins University and a Ph.d. in molecular biology from the University of Oxford, is joined at Rock Springs by Mark Bussard and Graham McPhail, both analysts who left T. Rowe with him in February.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

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

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...