Seeking Alpha

FINalternatives'  Instablog

FINalternatives
Send Message
FINalternatives is the premier, independent source for news on the alternative investment industry. The seasoned reporters at FINalternatives bring readers the latest news and information from the hedge fund, private equity and CTA communities—bringing clarity to this opaque corner of the... More
My company:
FINalternatives
My blog:
FINalternatives
  • Perella Weinberg Buys Healthcare Hedge Fund 0 comments
    Jan 12, 2010 12:26 PM

    Perella Weinberg Partners has hired Tōkum Capital Management’s investment team and will invest $75 million in its healthcare strategies.

    Emile Westergaard, who founded the hedge fund three years ago, will join the boutique investment bank as a partner. Terms of the deal were not disclosed.

    Perella Weinberg will pour approximately $75 million into its new team’s coffers. Currently, Tōkum, which manages global healthcare long/short equity strategies, manages just $25 million.

    “We are continuing to execute on our plan to grow the asset management business by identifying exceptional investment talent to augment our diversified suite of alternative investment strategies,” Terry Meguid, head of asset management at Perella Weinberg, said. “The combination of the strong investment track record of Emile and his team, their sector-specific approach and our highly regarded platform will enhance the significant ‘investment edge’ we provide our investors.”

    Before founding Tōkum, Westergaard managed a healthcare portfolio at Amaranth Advisors and medical technology and life sciences investments at Pequot Capital Management.

Back To FINalternatives' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.