The fund will identify healthcare investments that U.S.-only funds are not targeting. It will also eye various technological, political and environmental issues surrounding healthcare, Castor said. Castor, declining to elaborate on specific investments, noted the majority of their holdings will be long-term, over a year.
Prior to starting Sio Capital, Castor was a consumer non-cyclical/healthcare portfolio manager at AllianceBernstein Institutional Investment Management.
The fund carries a $1 million investment minimum, 1.5/20 fees and has a one-year lockup with quarterly redemption. Merlin Securities is the prime broker.