HealthCor Founders Set to Exit as Catalio Absorbs Hedge Fund

HealthCor Management, the global health-care hedge fund founded in 2005 by Art Cohen and Joe Healey, is being absorbed by Catalio Capital Management.

Catalio, which focuses on life sciences, will bring aboard HealthCor’s investment team -- along with some operations, financial, administration and marketing personnel -- to start an equity hedge fund, according to an investor letter. Cohen, 60, and Healey, 56, will be senior advisers, a move that sets the stage for their eventual exit.

George Petrocheilos and Jacob Vogelstein spun out Catalio from Camden Partners Holdings in 2020. The firm, whose backers include billionaires ...