Sunday, 31 August 2014
Last updated 1 day ago
Sep 5 2012 | 10:00am ET
Greenlight Capital's healthcare bets have already paid off handsomely for the firm.
Greenlight in the second quarter bought stakes in Coventry Health Care and Cigna Corp. as a play on "Obamacare" and its future. But the fund hasn't even had to wait for November's elections, as Coventry shares soared 28% after Aetna Inc. announced plans to acquire it.
That sent the $8 billion firm's flagship hedge fund up 4.2% in August. Greenlight told clients yesterday that it is now up 10.9% on the year. Greenlight's Offshore fund rose 4.1% on the month and is up 10.5% on the year.
Coventry was Einhorn's seventh-largest position at the end of the second quarter. His bigger bets have also done well, however, including Apple Inc., Seagate Technology and General Motors.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...