Stockholm (HedgeNordic) – Rhenman & Partners, the Stockholm-based fund manager, announced the recruitment of Susanna Urdmark (pictured), as the company continues its strategic expansion. Urdmark will be reinforcing the Healthcare team, and second founder Henrik Rhenman as portfolio manager for the Rhenman Healthcare Equity Long/Short fund.
For the last ten years, Urdmark has strengthened her healthcare expertise, as CFO at the Stockholm-based Bluefish Pharmaceuticals. She also has a strong background in the financial industry, given previous positions as portfolio manager at Handelsbanken Asset Management and sector analyst at Handelsbanken Capital Markets and Carnegie.
Henrik Rhenman explains that the recruitment of Urdmark is strategic in several dimensions, as the expansion of the healthcare sector and its globalization put pressure on the fund’s management. The fund will have more opportunities to take short positions when the sector will have reached a more normalized valuation. The organization will therefore require more resources. For Rhenman, it is especially fun to welcome a person whose successful career he has been following for a long time.
2017 has started well for Rhenman’s Healthcare focused fund, with a performance of +22% for the first quarter, compared to the sector’s MSCI index performance of only 6%.
Picture: (c) wrangler—shutterstock.com