Sunday, 24 May 2015
Last updated 2 days ago
Jul 17 2014 | 12:44pm ET
Glenview Capital Management has returned nearly 10% this year, helping propel the hedge fund back to its pre-crisis size.
In his mid-year letter to investors, firm founder Larry Robbins reported a 9.6% first-half return. He also said the firm’s assets now stand at $9.2 billion, after having fallen to less than $3 billion in 2009 amidst losses and redemptions. Glenview had about $9 billion in assets before the financial crisis.
Robbins credited Glenview’s investments in Monsanto Co., Humana Inc. and Tenet Healthcare for the returns, and touted holdings in Carter’s Inc., Cadence Design Systems, Genia Technologies and National Oilwell Varco—as well as his investment team.
“For the San Antonio Spurs, no player finished in the top 25 in points per game,” he wrote of the National Basketball Association champions. “So how did San Antonio walk away with the big gold trophy? Team beats individual.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…