Tuesday, January 1, 2013

A rebound for one hedge mogul




Hedge-fund mogul Larry Robbins, founder of $4.5 billion Glenview Capital, posted healthy returns last year after a sickly 2011 by betting big on hospital stocks.  Glenview’s $3.6 billion flagship fund is on track to post a 2012 gain of nearly 30 percent, The Post has learned, after racking up a gain of 5.72 percent in the first 21 days of December.

With the December surge, the fund was on track to close the year with a gain of 29.31 percent before fees, according to a weekly update Glenview sent to investors, a copy of which was obtained by The Post.

The fund made big bets on health-care stocks in 2012.  The firm’s smaller opportunities fund, known as “Go,” is up about 60 percent before fees, sources told The Post....

Find out more at http://www.nypost.com/p/news/business/rebound_for_hedgie_robbins_dn7lgLFfU8oAoO8RrX2TsO

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