Fund launches & closures Hedge Funds

Former Third Point PM launches healthcare fund

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Brigette Roberts worked at Dan Loeb’s firm for three years.

Brigette Roberts, a former portfolio manager at Third Point, will open her maiden healthcare long/short fund to outside investors for the first time on August 1.

Roberts founded YYC Capital Management and began running the strategy as a managed account in August 2009. The strategy gained 2.35% in its first partial year and rose 5.15% in 2010. It is up 11.21% this year through May, putting it ahead of the AR U.S. Equity Index return of 2.82% for the same period.

The YYC Capital Partners Healthcare Fund will invest across all healthcare sectors, including pharmaceuticals, biotechnology and medical