Bellevue Healthcare Trust Factsheet March 2024
Welcome to our March update. We return from a busy few weeks on the road, having met with dozens of companies and doctors. The
general tone of these meetings was positive and we executed on a number of new investments as a consequence.
Although there are still many macro-related issues driving febrile
market sentiment (narrow market leadership, memes like AI,
implied valuation, geopolitics, rate cut expectations), the healthcare machine continues to motor along nicely and there are plenty of innovations and policies to sustain hope in a system better able to meet the needs of an ageing population.
We may well be old lags at this point, and like you trying to live with
a wholly dysfunctional NHS (a global outlier in all the wrong ways),
but it is very hard not to be an optimist about the future of this
essential industry.
general tone of these meetings was positive and we executed on a number of new investments as a consequence.
Although there are still many macro-related issues driving febrile
market sentiment (narrow market leadership, memes like AI,
implied valuation, geopolitics, rate cut expectations), the healthcare machine continues to motor along nicely and there are plenty of innovations and policies to sustain hope in a system better able to meet the needs of an ageing population.
We may well be old lags at this point, and like you trying to live with
a wholly dysfunctional NHS (a global outlier in all the wrong ways),
but it is very hard not to be an optimist about the future of this
essential industry.
08.04.2024