Forward has added a global healthcare team to its ranks and plans to offer a long/short equity strategy investing globally across all healthcare sectors and market capitalizations, in early 2013.
Scott Kay is the portfolio manager for the team. Kay was a founding partner at Partner Fund Management where he was therapeutic sector head. Previously he was a senior healthcare analyst at Andor Capital Management and at Bank America Securities.
Also joining the team is Chris Zellner, who will be responsible for operations and business development. He has a background in investment banking with Bank of America Merrill Lynch, Lehman Brothers and Morgan Stanley, among others. Two senior analysts, both of whom have previously worked with Kay, will round out the team.
“This new team adds an important and exciting dimension to Forward’s investment capabilities,” stated Alan Reid, CEO of Forward.
“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.”