Thursday, 31 July 2014
Last updated 6 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."
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…