RA Capital: More than just COVID-19 in healthcare investments [In-Depth]

RA Capital Healthcare Fund was down 7.8% for March and 4.7% for the first quarter. The healthcare-focused fund invests in both public and private companies that are developing drugs, medical devices and diagnostics. The fund’s long equity positions detracted 7.5% in March and 6% for the quarter. Total privates detracted 2.2% for March and 0.5% for the quarter. Shorts added 2.5% for March and 3.3% for the quarter. Q1 2020 hedge fund letters, conferences and more Beyond COVID-19 treatments In his March letter to investors, Michael Calore said while COVID-19 has significantly disrupted the markets and daily life, progress is…