Hedge Fund RTW Probed by SEC Over Role in Masimo Proxy Fight
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RTW Investments, a $6.5 billion hedge fund specializing in the life sciences, is being investigated by the Securities and Exchange Commission over the firm’s involvement in a proxy fight at Masimo Corp.
The hedge fund, founded by Rod Wong, is cooperating with the agency, and the existence of a probe doesn’t mean laws were broken, New York-based RTW said in a note to clients Monday. It characterized the SEC inquiry as a fact-finding investigation.