StemPoint Capital Announces Strategic Relationship with Leucadia Asset Management
January 19 2023 - 11:08AM
Business Wire
StemPoint Capital LP (“StemPoint”), a long-biased equity asset
management firm dedicated to the global life sciences industry,
today announced that it has entered into a strategic relationship
with Leucadia Asset Management, a division of Jefferies Financial
Group Inc. (NYSE: JEF). In connection with the transaction,
Leucadia Asset Management will acquire a minority economic interest
in StemPoint.
"I am thrilled to announce the exciting strategic relationship
between Leucadia Asset Management and StemPoint. This strategic
relationship not only allows us to advance as a business, but also
leverage incredible investment opportunities in the biotech and
pharmaceutical sectors. At StemPoint, we are committed to
identifying and supporting the most promising potential
opportunities in these industries and with Leucadia Asset
Management by our side, we are confident in our ability to execute
on this strategy. I am excited for the future of StemPoint and the
possibilities that this strategic relationship brings,” said
Michelle Ross, Chief Investment Officer and Managing Partner of
StemPoint.
“We have been looking to expand in the healthcare space for many
years and are very excited to be doing so with StemPoint. Michelle
and her team bring a differentiated view on how to invest in life
sciences based on their many years of industry experience at
top-notch firms. We look forward to helping them grow and succeed,”
said Nick Daraviras and Sol Kumin, Co-Presidents of Leucadia Asset
Management.
About StemPoint Capital
StemPoint was founded and officially launched on January 3,
2023, by Michelle Ross, the Chief Investment Officer and Managing
Partner. Michelle Ross comes with nearly 20 years of investment
management experience at esteemed firms such as Soros Fund
Management and PointState Capital. StemPoint seeks to leverage
growth aspects of the biotechnology sector and defensive qualities
of the pharmaceutical industry to potentially generate absolute
returns in varying market cycles.
About Leucadia Asset Management
Leucadia Asset Management offers institutional clients an
innovative range of investment strategies through its affiliated
asset managers. Leucadia Asset Management is a division of
Jefferies Financial Group Inc. (NYSE: JEF).
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Media Inquiries: StemPoint
Capital Sean Tan 212-540-4099 sean@stempointcapital.com
Leucadia Asset Management / Jefferies Financial Group
Jonathan Freedman 212-778-8913 mediacontact@jefferies.com
Jefferies Financial (NYSE:JEF)
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