A fund at the frontier of healthcare

Important information: The fund is for professional investors only. Please contact us by emailing info@rhepa.com for KIDs.

Rhenman Healthcare Next Generation L/S is a long biased hedge fund predominantly investing in micro-, small- and mid-cap companies. A fundamentally driven bottom-up approach, with emphasis on companies at the forefront of medical innovation and scientific advancement.

 

The investment team is supported by a Scientific Advisory Board dedicated to the fund.

Important: For investors in the fund. Past performance is not an guarantee of future returns.

Rhenman Healthcare Equity L/S (RHE L/S)

Rhenman Healthcare Equity L/S (RHE L/S)
April 2026
The fund performance is calculated and reported once a month.
FUND CLASSNAVDEVELOPMENT 1 MONTHTHIS YEARSINCE FUND STARTSTART DATE
IC1 (EUR)853.09-0.52%-12.70%753.09%2009-06-22
IC3 (EUR)1110.92-0.46%-12.48%1010.92%2009-07-31
IC2 (SEK)676.17-1.64%-12.30%576.17%2012-12-31
ID1 (SEK)
Distributing
352.15-1.69%-16.17%252.15%2012-04-30
IC1 (USD)225.961.24%-12.81%125.96%2015-01-31
RC1 (EUR)720.80-0.57%-12.85%620.80%2010-08-31
RC1 (SEK)767.71-1.73%-12.60%667.71%2009-06-22
RC2 (SEK)826.52-1.69%-12.45%726.52%2009-06-22

Important information: Past performance is no guarantee of future returns. The money invested in the fund can both increase and decrease in value and it is not certain that investors will get back the entire invested capital.

Objective

The fund aims to generate an average annual net return of at least 12 percent over time, regardless of the global stock market’s performance.

Portfolio construction - a selective approach

Portföljkonstruktionen är en viktig komponent i fondens arbetssätt för att uppnå en balans mellan avkastning och volatilitet. Portföljen är selektiv och består av cirka 60 långa positioner och 40 korta positioner, med fokus på bolag där förvaltarna har en hög övertygelse och ser en tydlig uppsida. 

"This selective approach means that companies are added to the portfolio when they are assessed to have genuine potential."

Once a company has been added, the position can be gradually increased in size as the investment thesis is confirmed, and reduced or exited if conditions change. The fund has a global investment universe. However, the majority of holdings are in the United States, where most of the healthcare industry is based.

Leveraging our in-house expertise, research and infrastructure

We leverage our established infrastructure, proprietary research, and in-house knowledge, complemented by niche expertise, to strengthen economies of scale across strategies.

"Genom att lansera Rhenman Healthcare Next Generation L/S kan vi djupare fokusera på områden inom sektorn där verklig innovation sker."
Kaspar Hållsten
CIO - Rhenman Healthcare Next Generation L/S

Retail share class information – Next Generation

SHARE CLASSCURRENCYMINIMUM INVESTMENTANNUAL MANAGEMENT + PERF. FEEISIN
RC1SEK10 0002.0% + 20% performance feeLU3247638136
RC2SEK1 000 0001.5% + 20% performance feeLU3247638219

Institutional share class information – Next Generation

SHARE CLASSCURRENCYMINIMUM INVESTMENTANNUAL MANAGEMENT + PERF. FEEISIN
IC2SEK25 000 0001.0% + 18% performance feeLU3247639027
IC1EUR250 0001.5% + 18% performance feeLU3247638649
IC2EUR2 500 0001.0% + 20% performance feeLU3247639373
IC1USD250 0001.5% + 18% performance feeLU3247638995
IC2USD2 500 0001.0% + 18% performance feeLU3247639456

For more detailed information please refer to the prospectus which can be found through our document library. There you can also find performance scenarios.

If you have any questions or would like access to fund fact sheets (KIDs), please send an email to info@rhepa.com

Fund management

Rhenman Healthcare Next Generation L/S ("Next Generation") is managed by ONE Fund Management S.A., who have commissioned Rhenman & Partners to manage the fund's portfolio.

Rhenman & Partners is authorized to conduct securities operations in the form of discretionary portfolio management regarding financial instruments. This means that Rhenman & Partners manages the fund’s portfolio, i.e. buys and sells securities within the framework of the fund’s investment regulations. However, we do not provide investment advice. Investors who are considering investing in the fund are strongly recommended to discuss investment questions with a professional investment advisor. For more information regarding the fund’s legal structure, please refer to the prospectus and the fund fact sheets.

EN