FrontPoint Partners has expanded its healthcare effort with the hire this week of Kevin Caliendo. Caliendo joins the firm from Salomon Brothers Asset Management, where he was lead portfolio manager for the firm's $1.7 billion long-only equity strategy.
At FrontPoint, Caliendo will be a member of the healthcare team, which is headed by Chip Skowron, co-portfolio manager, as well as Jason Bonadio and Ajay Bhalla. The healthcare team was formed in early 2003.
As part of his new role, Caliendo will serve as co-portfolio manager for future healthcare investment products. Caliendo met Bonadio and Bhalla at SAC Capital Advisors, where Caliendo served as an equity analyst and convertible portfolio manager.