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An Under-the-Radar Hedge Fund Reaps Big IPO Rewards

Bihua Chen’s Cormorant Asset Management is scoring big gains from development stage biopharma companies.

One of the largest but least-well-known of the few woman-owned hedge fund firms is the latest life sciences specialist to see big rewards from the red-hot IPO market. Cormorant Asset Management, headed by Bihua Chen, owns nearly 1.5 million shares of BioAtla, which surged more than 72 percent on its first

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