As the popularity of stock picking rises, so do the prospects of long/short equity hedge funds that have helped to drive assets to a struggling hedge fund industry.
A number of launches in the second quarter centered on TMT and biotech sector specialist strategies including firms such as OrbiMed’s New Horizons Fund; biotech fund M28 Capital; Dilation Capital, founded by Lone Pine alum Brian Eizenstat; and the EFF offering from UBS O’Connor.
According to data firm PivotalPath, the majority of hedge fund launches have been either equity diversified or equity sector managers . . .
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