Boston Firm Unveils Short-Only Healthcare Strategy

Nov 1 2010 | 8:13pm ET

Boston-based asset management firm GRT Capital Partners has recently launched a short-only healthcare strategy. According to the firm, the strategy will involve straightforward healthcare stock selection based upon detailed individual company fundamental analysis by the portfolio manager, John Borzilleri.

Borzilleri is no stranger to selecting healthcare stocks on both the long and short sides. He has served as portfolio manager of the GRT Health Care Strategy since its inception in August of 2003.
 
“Healthcare is an attractive area for shorting stocks—considerable market inefficiencies can lead to extreme valuations for fundamentally unsound companies. We believe our long-term success in shorting healthcare stocks can provide investors with a unique strategy to generate strong absolute returns, serve as a unique source of alpha, and diversify conventional investment portfolios,” Borzilleri said. 

Borzilleri received his MD from New York University in 1985 and trained and practiced as a physician before earning his MBA from Columbia University in 1991. Prior to launching the GRT Health Care long/short strategy in 2003, Borzilleri was a healthcare sector head and portfolio manager from 1997-2003 at State Street Research and Management, which was acquired by BlackRock in 2005.


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