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FrontPoint poaches healthcare team from hedge fund rival

FrontPoint Partners, a $1bn (€942m) US hedge fund firm, has hired three of the healthcare team at rival SAC Capital to help run a new healthcare fund.

Chip Skowron and Jason Bonadio, both medical doctors, and Ajay Bhalla, have been hired to buy and sell healthcare stocks and eventually manage up to $1bn in assets. The fund will be a long/short equity fund.

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