Ex-Davidson Kempner portfolio manager Roderick Wong returns with healthcare fund
April 14, 2010
Suzy Kenly Waite
Planning a comeback after the liquidation of his healthcare fund, Roderick Wong hopes to profit from Obama’s healthcare reforms.
Roderick Wong, whose healthcare fund at Davidson Kempner Advisers was liquidated at the end of 2008 following a loss of nearly 30%, is charging back into money management with the launch of long/short healthcare strategy at his new firm RTW Investments.
The RTW Onshore Fund, which was launched in March, has now opened to outside capital and is looking to raise as much as $500 million. Wong is climbing his way back to the top of healthcare investing, where he stood in mid-2008 when his Davidson Kempner Healthcare Fund managed $750 million after producing strong returns.
Wong joined Davidson Kempner in 2005 from Sigma Capital...
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