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Administering Asia's first healthcare hedge fund

Stephen Barker, senior analyst at Japan Advisory talks about Whitney''s Asian long/short healthcare fund.
Whitney & Co., a US-based private equity and hedge fund firm, launched Asia's first healthcare hedge fund in August 2004. The fund currently has $160 million under management and is targeting a return of 15% to 18% per annum, with 5% volatility. In its first month of trading, the fund was up 2%. Goldman Sachs has been appointed as the fund's prime broker and administrator. What's the rationale behind a dedicated Asian healthcare hedge fund? Barker: There are powerful trends …
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