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Rhenman launches global healthcare fund

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Rhenman & Partners Asset Management is launching a global healthcare fund on 22 June, focused on pharmaceuticals, medical technology, biotechnology and healthcare services.

Rhenman & Partners Asset Management is launching a global healthcare fund on 22 June, focused on pharmaceuticals, medical technology, biotechnology and healthcare services.

The fund, Rhenman Healthcare Equity L/S, is aimed at both private investors and institutions and will principally invest in listed companies with a market cap of more than USD200m. 

The trio behind the fund are Henrik Rhenman, with more than 15 years experience of managing healthcare funds; Göran Nordström, former chief executive of Carnegie Asset Management; and Carl Grevelius, former portfolio strategist at Fidelity Investments.

The fund, which will principally invest in cash flow positive companies, has a long-term investment perspective, but will at the same time actively manage its holdings.

The minimum investment is SEK250,000 for retail investors and EUR250,000 for institutions.

The fund has a monthly liquidity and will close for new investors at EUR500m. 

‘Despite the market’s fear for patent expirations and a political uncertainty in the US, the healthcare sector has developed 20 per cent better than the global index since the turn of the millennium,’ says Rhenman. ‘Long-term, most things point towards a continued positive development of the healthcare sector, which benefits from, among other things, an ageing population, many medical needs that are still unmet, and continued development of new products and technologies.’

SEB acts as the fund’s custodian and prime broker as well as being responsible for its administration. The fund is part of SEB’s fund umbrella.

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