Tue, Oct 27, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Optima and Forbes Family Trust launch healthcare and biotechnology strategy

Thursday, January 16, 2020
Opalesque Industry Update - Optima Asset Management, in association with Forbes Family Trust, has announced the launch of the Optima Healthcare and Biotechnology strategy.

The new strategy will be managed by five highly accomplished portfolio managers with extensive experience investing in healthcare and biotech stocks. As a group these managers have generated returns greater than the broad S&P 500 over the last decade.

"US healthcare generally, and the biotech and therapeutics sub-sectors in particular, are among the most dynamic and innovative segments of the US and global economies," noted D. Dixon Boardman, CEO of Optima Asset Management and Vice-Chairman of Forbes Family Trust.

"Investment opportunities abound. The growth of the sector is exceptional, yet valuations are remarkably reasonable for many stocks. Furthermore, our extensive research and due diligence have led us to identify outstanding managers whose knowledge of the sector has enabled them to add significant value," he added.

Boardman continued: "Although several of the managers are closed to new investors, we have obtained capacity with them. We therefore believe that the strategy will be highly attractive for institutions as well as high net worth investors."

"We are very pleased to be working with Dixon and the Optima team on the strategy, which is our first joint project," said Keith Bloomfield, CEO of Forbes Family Trust, an affiliate of Optima Asset Management.

Keith added: "Healthcare is one of the largest sector weightings in the S&P 500, and the development of small and mid-cap companies in the sector has been dramatic. It is also noteworthy that the US Food & Drug Administration approved more new drugs last year than ever before. This is a great time for us and for our clients to capitalize on this opportunity."

Optima Asset Management is an affiliate of Forbes Family Trust, a $6.5b wealth and asset management firm and SEC registered investment adviser.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. PE/VC: Coronavirus triggers borrowing spree by private equity managers, Venture capital investments reach new high in Brazil, Private-equity giants are racing to sell assets before year-end[more]

    Coronavirus triggers borrowing spree by private equity managers From FT: Private equity managers are turning to specialist borrowing facilities to ensure their highly leveraged strategies can survive the coronavirus pandemic, but there are growing concerns that the use of these complex f

  2. What's behind Viking's strong gains[more]

    From Institutional Investor: Viking Global Investors had strong performance in its three main funds in the third quarter, bringing gains for the year into the mid-to-upper teens. The Tiger Cub hedge fund firm, co-founded by O. Andreas Halvorsen, is far outperforming the broad-market averages a

  3. PE/VC: A record number of private equity funds are in the market - but closing them won't be easy, PE firms must be prepared to face challenges across each fund vintage, Wall Street is helping private equity recycle its old assets[more]

    A record number of private equity funds are in the market - but closing them won't be easy From Institutional Investor: Although there are a record number of private equity funds in the market, they are raising money at a slower pace, delaying fund closes, according to new data from Pre

  4. SPACs: Hedge funds scoop up SPAC shares, Hedge funds surface in wave of Biopharma SPAC deals, SPAC to the future: How blank-check acquirers could reshape emerging companies' roles in public markets[more]

    Hedge funds scoop up SPAC shares From Institutional Investor: Hedge funds aren't just launching their own special purpose acquisition companies -they're also scooping up shares of these blank-check companies. Basso and Difesa have cashed in on the boom in blank-check companies. Firm

  5. Opalesque Exclusive: A.W. Jones emerging manager fund of funds passes three year milestone, up +12.61% through August[more]

    Bailey McCann, Opalesque New York for New Managers: An emerging manager fund of funds from A.W. Jones has just passed its three-year milestone and is outperforming so far this year. The fund was up 3.29% in August a