info on baker bros
would love to hear insight into how they operate since they're in a very wild sector
Trending Content - Hedge Fund Forum
Career Resources
WSO Free Modeling Series - Now Open Through
August 31, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
Bump
it seems like they invest heavily before companies go private. would that assumption be correct?
Its been working for longer than that. RA had extremely poor to mediocre performance up until the last 6 years or so when they reorganized their strategy. When the funding dries up for the explosive IPOs we're seeing a lot of these funds are going to be hurt. Perceptive is more diversified and has a strong L/S book but the others (and I would include Deerfield here too) have exploited the private rounds quite aggressively. When these mature startups cannot go public then they will carry huge positions in illiquid private names.
I actually don't think the public markets book for RA is all that special. Orbimed is now huge and has investments across many funds and stages and I hesitate to even call them a L/S hedge fund anymore.
What I think is going to be very interesting are all the SPACs that are life science focused hunting for targets.
Super secretive biotech hedge fund. Bloomberg did a feature on them a couple years ago: https://www.bloomberg.com/news/articles/2019-11-01/baker-brothers-turn-…
https://www.wsj.com/finance/investing/two-brothers-a-big-biotech-bet-an…
Maxime explicabo commodi natus dolorum optio. Iste sequi quae maiores sed officiis. Est et quia nostrum est earum qui quaerat aliquam.
Et est nulla nisi dolorem. Incidunt asperiores eius eligendi quis. Aut nisi officiis occaecati velit vitae sed similique a. Perspiciatis aut quae nihil a quo. Explicabo voluptatem laborum eos labore ab quaerat maiores. Facere eaque repudiandae nihil error praesentium qui a.
Sed aspernatur nihil molestias minus. Rerum minima perspiciatis et ad alias. Dolore in vel ad aut et. Est ab asperiores qui impedit rerum voluptatem nobis. Possimus nihil consequatur atque aut voluptatem molestiae omnis. Tenetur numquam eum dolores rerum nobis numquam quos et. Non quisquam impedit vitae tenetur veritatis et vitae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...