The Funds Reeling from the Disastrous Drop in Health Care and Biopharma

Most life sciences hedge funds, including Casdin Capital and Cormorant, are sinking deeper into the red.

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It is another nightmare year for Casdin Capital.

The life sciences hedge fund was down 32 percent in the first quarter alone in a generally rough period for much of the sector. As a result, 2025 could be Casdin’s third disastrous year in the past five, making it nearly impossible to predict when or if the firm will ever hit its high-water mark.

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