Perceptive, a Big Winner Last Year, Has Rocky Start in 2016

The health care and biotech fund is off by double digits after the first two months of the year.

Easy come, easy go.

One of the top-performing hedge funds in 2015 — maybe the best in a tough year — has already given back a big chunk of those profits.

The Perceptive Life Sciences fund, managed by New York–based Perceptive Advisors, posted a 51.8

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.