Worldwide Healthcare Trust has been notified of changes to the team by its investment manager, OrbiMed Capital.
Lead portfolio manager Sven Borho (pictured) has decided to step down. He has also communicated his intention to end his time as a director of the company in due course.
Co-portfolio manager Trevor Polischuk has become lead portfolio manager, and Geoff Hsu has been appointed as co-portfolio manager.
The changes are effective immediately.
Hsu is a general partner at OrbiMed and joined the firm in 2002. He has been a portfolio manager since 2005 and helps lead the public equity team’s biotech and emerging markets efforts.
The investment trust said in a statement its board would like to thank Borho for the ‘significant contribution’ he has made over many years.
Worldwide Healthcare Trust is up 19% over the past year for a market cap of £1.35bn.
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