Keeping one step ahead of the innovators

Kilkenny Capital Management has been making healthy returns out of the biotechnology sector for more than a decade. Jay Blanche met up with the top brass while they were in London, to find out how they do it

There can't be many people in the hedge fund industry that could comfortably say they know what makes a good investment in the realm of biotechnology.

The producers in the industry are necessarily cagey about what they are working on, and most, if not all, hedge fund managers probably wouldn't fully understand it. Most investors, that is.

Michael Walsh, founder of Kilkenny Capital Management, is different. Not just another hedge fund manager, he is a chemist with a Harvard MBA who can shed light

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