Hedge Funds

Summers starts doctor-friendly medical fund


It only makes sense that affluent doctors and clinical researchers would put their money in the field they know best, medicine. That's the thinking behind Andy Summers' new firm, Silvergate Capital Management, which is expected to court qualified investors working in the medical field. Summers surely won't have difficulty attracting interest. The fund manager just recently left the Invesco Funds Group, where he oversaw a $2.5 billion healthcare portfolio marked by strong performance. Summers has also tapped two former team mates from Invesco to join his new venture, Kevin Reeder and Rich Charney. Both will serve as medical