San Francisco fund manager Forward Management
] has hired a global healthcare investment team away from Asymmetry Capital Management.
The team includes portfolio manager Scott Kay
, who was a founding partner at Asymmetry Capital Management
as well as, previously, a founding partner at Partner Fund Management
, where he served as therapeutic sector head. Before that, he had been a senior healthcare analyst at Andor Capital Management
, and at Bank America Securities
Earlier in his career he held various roles in marketing, sales and operations at Pfizer Inc.
Kay brings two senior analysts, who previously worked with him, to Forward.
Also joining the team is Chris Zellner, who will be responsible for operations and business
development. He brings to the team two decades of global markets and investment banking experience
with Bank of America Merrill Lynch, Lehman Brothers and Morgan Stanley, among others.
Company Press Release
Forward Adds Dedicated Healthcare Investment Team
San Francisco, Oct. 16, 2012 -- Forward (Forward Management, LLC) has announced the addition of the Asymmetry global healthcare team. The firm plans to offer a long/short equity strategy investing globally across all healthcare sectors and market capitalizations, in early 2013.
"This new team adds an important and exciting dimension to Forward's investment capabilities. Much like the technology sector, healthcare is a fast-growing, rapidly changing industry that is experiencing a variety of disruptions. For managers who understand the industry's dynamics, this translates into a multitude of long and short investment opportunities," said Alan Reid, CEO of Forward.
Scott Kay is the portfolio manager for the team. A 20-year healthcare industry veteran, Scott was a founding partner at Partner Fund Management, LP, where he was therapeutic sector head. Previously he was a senior healthcare analyst at Andor Capital Management, LLC and at Bank America Securities, where he was ranked among top healthcare analysts by Institutional Investor. Earlier in his career he held various roles in marketing, sales and operations at Pfizer.
Also joining the team is Chris Zellner, who will be responsible for operations and business development. He brings to the team two decades of global markets and investment banking experience with Bank of America Merrill Lynch, Lehman Brothers and Morgan Stanley, among others. Two senior analysts, both of whom have previously worked with Scott, will round out the team.
?The world has changed, leading investors to seek new strategies that better fit an evolving global climate. Forward's investment solutions are built around the outcomes we believe investors need to be pursuing - non-correlated return, investment income, global exposure and diversification. With a propensity for unbounded thinking, we focus especially on developing innovative alternative strategies that may help investors build all-weather portfolios. An independent, privately held firm founded in 1998, Forward (Forward Management, LLC) is the advisor to the Forward Funds. As of September 30, 2012, we manage $5.7 billion in a diverse product set offered to individual investors, financial advisors and institutions. More information on Forward can be found at www.forwardinvesting.com.
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