Monday, 30 November 2015
Last updated 2 hours 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."
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…