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What’s Driving Averill’s Triple-Digit Gains

Suvretta’s new health care fund has gotten off to a torrid start since its March launch.

Averill, the new biotech-focused long-short fund that began trading March 23 under the Suvretta Capital Management umbrella, has posted blowout gains, making hay in a red-hot sector.The fund is up an astonishing 117 percent through the end of August, according to two investors. It now manages about $150 million, according

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