Kris Jenner, the former top stock picker at T. Rowe Price Group, has raised more than $100 million for a hedge fund to invest in health-care and biotechnology stocks, Bloomberg reports, citing a person with knowledge of his plans.

Jenner will start the fund, dubbed Rock Springs Capital and based in Baltimore, later this year and is continuing to seek commitments from investors, according to the source. Jenner will run the fund with Mark Bussard and Graham McPhail, former T. Rowe Price analysts who left with Jenner in February. Jenner declined to comment on the fund.

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