New York-based Davidson Kempner Partners recently rolled out a healthcare-focused hedge fund.
The new fund makes long and short investments in both debt and equity securities. It particularly focuses on healthcare product companies that it expects will experience transformational events over a two-year period.
Hedge funds in the healthcare sector have had mixed results of late. After a disappointing run, Teena Lerner disclosed last month that she would shut down her Rx Capital Management. Yet others are on a tear, including Maria Liotta's Galleon Healthcare Offshore, which netted about 10% through March of this year.
Davidson Kempner's latest launch