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Freestone Capital anchors new healthcare long/short equity hedge fund launch YYC Capital Management

Monday, August 01, 2011
Opalesque Industry Update – Topwater Capital Partners, which runs a managed account platform, announced on Monday that Seattle-based Freestone Capital Management, had awarded an anchor investment to YYC Capital Management. YYC, a healthcare long/short equity fund, launched on August 1st and is managed by former Third Point PM Brigette Roberts.

Freestone, which is a major driver behind the platform, has been tracking YYC since August 2009. Through the Topwater platform, the firm and other strategic partners are able to track and allocate to managers, and the focus is on superior risk-adjusted returns.

The YYC healthcare strategy was founded in 2009. Prior to that Dr. Roberts was portfolio manager of a $350m healthcare portfolio at Third Point and before that a $100m healthcare portfolio at DKR Saturn LLC. Dr. Roberts received a BA in Physics & Chemistry from Harvard University and an MD from NYU School of Medicine. Ms. Roberts was formerly a General Surgery Resident at NYU Medical Center and is a licensed physician in the State of New York.

Kirsten Bischoff

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