Wednesday, 17 December 2014
Last updated 4 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.