Launches & Closures

Healthcare fund launches on FundLogic platform

by

Perella Weinberg Partners has launched a healthcare strategy with $25 million on Morgan Stanley’s FundLogic Alternatives platform. The launch was yesterday (17 August 2011).

The New York-based hedge fund manager, with assets under management of around $8.2 billion, launched a sustainable resources long/short UCITS fund on the Merrill Lynch Investment Solutions platform earlier this year.

The Irish-domiciled fund, MS Perella Weinberg Partners Tōkum Long/Short Healthcare UCITS Fund, will offer access to a global long/short equity strategy focused on the healthcare industry with an emphasis on biotechnologies, pharmaceuticals, and companies engaged in the medical technology and services businesses.

The fund