What’s Ailing Perceptive?

The life sciences specialist’s hedge fund is down significantly this year — and its recently merged SPAC is also underwater.

Joseph Edelman, CEO of Perceptive Advisors. (Chris Goodney/Bloomberg)

Joseph Edelman, CEO of Perceptive Advisors.

(Chris Goodney/Bloomberg)

It has been a rough year for Perceptive Advisors.

The life sciences specialist headed by Joseph Edelman posted nearly a 21 percent loss in its hedge fund in the first six months of the year, according to a private hedge fund database.

Although many life sciences and health-care funds are also in the red this year, Perceptive’s loss is worse than most others.

Meanwhile,

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