Early Life and Education
Joseph Edelman was born in 1955 and raised in San Francisco. His father, Isidore Edelman, was a professor emeritus of biochemistry and molecular biophysics at Columbia's College of Physicians and Surgeons. Edelman graduated magna cum laude with a degree in Psychology from the University of California, San Diego in 1978. He then pursued an MBA from New York University's Stern School of Business, which he obtained in 1988.
Rise to Success
Edelman's career began in 1987 as a biotechnology analyst. He founded Perceptive Advisors in July 1999. The firm focuses on identifying and investing in promising technologies and innovations in biotechnology. Perceptive Advisors' flagship hedge fund, Perceptive Life Sciences Fund, has delivered strong returns since its inception. Edelman's firm's assets grew to $8 billion in April 2023 and $10 billion in July that year.
Key Business Strategies
Edelman's investment strategy is centered around biotechnology stocks. He has a strong track record built by investing in biotechnology stocks. Edelman's firm manages a diverse portfolio with over 200 positions. His main focus is on long-term value creation through a disciplined investment approach. He is also known for his focus on the healthcare sector, particularly in the small- and midcap range.
Philanthropy
Edelman is involved in philanthropy through the Edelman Family Foundation. The foundation supports various causes, including education and healthcare.
