Ebb & Flow

A trio of Swedish asset management veterans is taking advantage of the fact that "healthcare valuations have never been so compelling" to establish a new long-short, open-ended hedge fund, according to Henrik Rhenman, co-founder and chief investment office of the new firm, Rhenman & Partners Asset Management.

Rhenman Healthcare Equity L/S Fund has attracted about €20 million ($27.8 million) from high net worth individuals, but is looking to raise €500 million to €1 billion ($694.6 million to $1.4 billion) from institutions, funds of funds and family offices...