Suvretta’s Big Changes Pay Off

The hedge fund headed by Aaron Cowen has gotten good results from the heavy revamping of its entire portfolio.

Illustration by II

Illustration by II

Suvretta Capital Management is seeing positive results from its recent portfolio revamping.

The firm’s long-short fund, managed by founder Aaron Cowen, rose 5.3 percent in the second quarter, expanding its gain for the year to 10 percent, according to an investor.

It is lagging the overall market, which gained more than 18 percent in the first half.

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