Hedge Funds

Balyasny plans healthcare vehicle

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Dmitry Balyasny's Balyasny Asset Management is preparing to launch its first sector fund -- a healthcare vehicle that is aimed at retaining one of the firm's biggest producers.

Jacob Gottlieb, who had apparently been seeking to launch his own fund, will continue to run money for BAM's flagship Atlas Global Investments alongside of the new BAM healthcare vehicle. Gottlieb joined BAM in 2001 from Merlin BioMed and has since then built a 10-member team and a reputation as one of the firm's biggest profit centers.

It is unclear whether the sector fund is a one-off for BAM or