Tenor Capital Management

Tenor Capital Management is a private hedge fund based in New York specializing in convertible arbitrage, litigation finance, and special situations investing. Founded by Robin Shah after spinning out from Putnam Lovell NBF’s relative value group around 2004, the firm manages approximately $7 billion USD as of early 2025. Its leadership includes experienced professionals such as Robin Shah (Chief Investment Officer) and Alexander Robinson (Head of Research). The firm invests across multiple sectors—including healthcare—but acts solely as an investor rather than a developer or operator within life sciences/biotech/pharma/healthcare fields. There are no indications that it develops drugs or medical technologies itself nor that it operates any clinical programs.