Notching big gains


Healthcare and biotech strategies have been lackluster performers recently. But fueled by a big jump in biotech equities and healthy gains in healthcare stocks, July proved to be the exception, with a number of managers notching impressive gains. Galleon Healthcare Offshore posted a roughly 7.76% gain and Caduceus Capital funds were up about 6.4%. Those gains bring both funds closer to par for the year after earlier losses. Other notable gainers include Pequot Healthcare O/S Fund, which rose 4.18% for a total of 6.03% for the year, and Perceptive Life Sciences Offshore, which picked up about 2.9% for