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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Former T.Rowe Employee Raises $100M for HF

Apr 10, 2013
Jing Chen

A former stock picker at mutual fund T. Rowe Price Group has raised more than $100 million for a a new hedge fund firm.

Bloomberg reported that Kris Jenner, who was the manager of the health sciences fund at T.Rowe, will launch Baltimore-based Rock Springs Capital later this year. The fund, which is currently still seeking capital from investors, will invest in healthcare and biotechnology stocks.

Jenner will run the new firm alongside former T.Rowe analysts Mark Bussard and Graham McPhail.

Rock Springs will utilize a similar strategy as Jenner’s former fund at T. Rowe.

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