$7 billion healthcare fund CIO on vaccine investment opportunity - Business Insider

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The investment chief at a $7 billion healthcare fund breaks down why the COVID-19 vaccine race will have many winners — and explains how his firm is taking advantage of the massive Chinese market

Become an InsiderLongtime healthcare, pharmaceutical, and biotech investor Perceptive Advisors sees a future where a vaccine for the coronavirus is being mass-produced and distributed in the next 12 to 18 months — and believes many different companies will have a chance to make some serious money off of it.

Adam Stone, the Manhattan-based firm's chief investment officer, told Business Insider that despite the ongoing global health crisis, Perceptive's portfolio "is fairly limited" in its exposure to companies whose future success is riding on a COVID-19 related product. The firm's more-than-$2-billion flagship Life Sciences fund returned more than 50% last year, but is down roughly 1% through the end of July this year, according to HSBC's Hedge Weekly report.

"There's an overwhelming number of programs trying to treat the disease, cure the disease, prevent the disease," he said.Joseph Edelman's $4.8 billion hedge fund dominated 2019 with 53.7% returns driven by big biotech bets "There'll be many vaccines that are approved and marketed and distributed ultimately," he said, noting that smaller companies and start-ups have "a real opportunity here."The hedge-fund industry has struggled to not only add new entrants over recent years, withBut healthcare-focused managers, with investor appetite for the sector reaching a fever pitch during the pandemic.

"This company has already moved beyond concept, and proven the business model," Li told Business Insider.

 

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remind me to never go outside again as the viral shedding from these moron-invented vaccine species start infecting everyone with their ADE-vector. seriously, rna vaccines... for a coronavirus... these people went to vet school

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