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Cooper Hill Closing Down

Stock quotes in this article: AMLN , DNA , STJ , ALC  

Decade-old healthcare-oriented hedge fund Cooper Hill Partners is closing up shop.

A series of funds managed by the New York-based alternative investment company were reporting average Sept. 11 year-to-date losses of more than 10%. The downward action compelled investors in the fund, which managed some $300 million in assets, to head for the hills.

Cooper Hill had been a long/short player in a number of healthcare and biotech company names including Amylin Pharmaceuticals(AMLN Quote), Genentech(DNA Quote), St. Jude Med(STJ Quote) and Assisted Living Concepts(ALC Quote). ...

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