Hedge Funds

Galleon healthcare analyst launches long/short fund


A senior healthcare analyst at $4 billion equity hedge shop Galleon is starting his own healthcare fund. Kevin Kotler, who worked at Galleon for three years and has covered healthcare stocks as an analyst for 12 years, is launching Broadfin Capital, which will operate out of Galleon's New York headquarters and utilize the firm's infrastructure.

Kotler has already been executing a long/short healthcare strategy as a separate account at Galleon for the past year and has generated returns in the high teens. The new fund will focus on medical technology companies with market capitalizations of less than $1