New York-based Tokum Capital Management, co-founded by former Amaranth Advisors portfolio manager Emile Westergaard, has added another healthcare offering to its growing list of funds.

The Tokum Partners Fund is a dedicated healthcare vehicle investing globally in all sectors of the industry seeking specific healthcare markets and companies going through transformational change, according to fund fact sheet.

“Relative portfolio weightings are monitored in real-time so that when appropriate, we can take advantage of near-term volatility to adjust our exposure whether through harvesting returns, or increasing exposure within our strictly defined risk and portfolio construction parameters,” the firm said. “We run the fund based on these principles within a band of +/-20% net exposure on net assets.”

The $15 million Tokum Partners Fund finished its first three months of trading up 2.15% as of the end of June. Westergaard is the fund’s portfolio manager. The firm also runs two other healthcare hedge funds and currently manages $200 million in total assets.

Westergaard set up Tokum in 2007 after three years in Amaranth’s global healthcare group. Prior to Amaranth, he served as director of healthcare research at hedge fund Pequot Capital Management.