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SEC fines Perceptive Advisors $1.5M for ‘material misstatements’ involving Cayman mutual fund

Perceptive Advisors

New York-based investment adviser Perceptive Advisors has agreed to pay $1.5 million to settle allegations of impropriety involving a mutual fund – Perceptive Life Sciences Master Fund Ltd. – and three Special Purpose Acquisition Companies in the Cayman Islands.