NEW YORK -- Cowen Asset Management and Carnegie Asset Management are launching an offshore global health care fund, the Carnegie Cowen Global Healthcare Fund. Cowen will be the investment adviser and Carnegie will handle fund administration, marketing and client service.
The fund will invest in between 50 and 100 global health care stocks with market caps of less than $1 billion. It will be offered exclusively to high-net-worth and institutional investors in Scandinavia. The Karolinska Institute, the research organization that selects Nobel Prize laureates in medicine, will serve as a research adviser to the fund.
Cowen also is launching the Cowen Enterprise Global Healthcare Fund, an offshore fund for high-net-worth and institutional investors based outside the United States and Scandinavia.
