Sphera Healthcare makes key U.S. hires

Tel Aviv-headquartered Sphera Funds Management has added to the New York office of its healthcare hedge fund unit Sphera Healthcare, as the firm is understood to have doubled its U.S. headcount over the last year. Sphera hired three new executives. Daniel Malek has joined as its CEO and Tim Surzyn as COO/CCO of its U.S. business where they will head global fundraising activities and operations. Sean Tan was also recently hired to head up trading for the healthcare franchise, which is understood to be planning to register with the U.S. Securities and Exchange Commission. Malek and Surzyn most recently were co-founders of the NYC-based healthcare hedge fund NEXTHERA Capital that was launched in 2015. Together they bring over 15 years of hedge fund experience to Sphera, which was launched in 2007 and has $750 million across two healthcare funds. The Sphera Global Healthcare Fund and Sphera Biotech Fund logged double-digit gains of 17% and 32% respectively in 2019. Healthcare hedge funds have been a bright spot in the equity hedge fund strategy set with outperformance relative to the sector's other long/short equity peers in the first half of 2020. Tan meanwhile joined from PointState Capital, where he held the position of managing director and co-head of trading and prior to that he was a healthcare trader at Credit Suisse. At PointState, Tan worked closely with Sphera Partner in New York Michelle Ross.

Sphera Healthcare makes key U.S. hires

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