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Steve Taub
Premium
Falloff in Life Sciences Trickles Down to Funds
Healthcare stocks have been hard hit by RFK Jr.’s nomination to head HHS.
Steve Taub January 27, 2025
Pharma sector index, stock exchange.

Pharma sector stock index. Stock market data, pharmaceutical stocks price information, percentage changes, blue screen. Stock exchange, business, trading board. 3D illustration

Torsten Asmus/Getty Images

Call it the Kennedy effect.The Nasdaq Biotechnology Index fell 12.4 percent from November 8 through December 30. So it’s not surprising that most biopharma and life sciences hedge funds posted sharp losses in December, the second straight losing month for many of these funds. As

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