Healthcare Hedge Fund Palo Alto Up 26% In Q2

Sep 17 2012 | 1:37pm ET

A healthcare hedge fund had a second quarter it won't soon forget, jumping more than a quarter on the period.

Palo Alto Investors rose 26.2% between April and June, Insider Monkey reports. The surge is thanks in no small part to Palo Alto's largest holding, Onyx Pharmaceuticals, which makes up almost 17% of the hedge fund's portfolio and which is up 74.5% this year.

Palo Alto also profited from its stakes in Cyberonics Inc.

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