Friday, 22 May 2015
Last updated 39 min ago
Nov 3 2010 | 2:53am ET
Short-bias has been among the worst performing hedge fund strategies this year as the stock market rebounds, but that isn't stopping one firm from launching just such a fund focused on the healthcare industry.
GRT Capital Partners has spun off the short book of its long/short healthcare fund, which debuted in 2003. The new fund will employ fundamental research led by manager John Borzilleri, the firm's founder, HedgeCo.net reports.
"Healthcare is an attractive area for shorting stocks—considerable market inefficiencies can lead to extreme valuations for fundamentally unsound companies," Borzilleri said. "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."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…