|Weintraub Capital Management veteran John Rende has recently founded Copernicus Capital Management with plans to launch the firm’s flagship hedge fund this fall. Rende’s firm is based in San Francisco and will employ a healthcare focused long/short equity strategy.|
While the greater New York City area houses the greatest number of healthcare focused hedge funds, the addition of Copernicus Capital Management further solidifies the San Francisco Bay Area's positioning as the second most popular city for healthcare focused hedge funds. According to the most recent Top 50 Healthcare, Pharma & Biotech Hedge Fund List, twenty-eight of the top healthcare funds are headquartered in New York City, while eight are located in San Francisco.
John Rende spent more than 16 years of his career at Jerry Weintraub’s Weintraub Capital Management, which announced that it was being converted into a family office late last year. During his last 13 years at Weintraub Capital, Rende was a senior portfolio manager with responsibility for managing the firm’s healthcare portfolio.
|Hedge Fund Lists|
Copernicus Capital Management is aiming to have at least $50 million in assets under management for its expected launch in October.