Hedge Fund RTW Under Investigation by SEC for Involvement in Masimo Proxy Battle
RTW Investments, a hedge fund specializing in the life sciences with assets totaling $6.5 billion, is currently under investigation by the Securities and Exchange Commission. The SEC is looking into the firm’s role in a proxy fight at Masimo Corp. Despite the investigation, RTW has reassured its clients that it is cooperating fully with the SEC and that this inquiry is simply a fact-finding mission.
Rod Wong, the founder of RTW, has emphasized that the existence of the probe does not automatically indicate any wrongdoing on the part of the firm. In a note to clients released on Monday, the New York-based hedge fund stressed that it is committed to transparency and compliance with all regulatory requirements.
While both Masimo Corp. and the SEC have chosen not to comment on the matter, Sanford Michelman, a lawyer representing RTW, has expressed the firm’s willingness to assist the SEC in its investigation. RTW is dedicated to providing the necessary information to help the SEC better understand the situation.
As the investigation unfolds, RTW Investments remains focused on its mission within the life sciences sector and is dedicated to upholding the highest standards of integrity and accountability in its operations.
