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Alternative Market Briefing

Strong first half for Technology/Healthcare hedge funds with index up +8.33%

Friday, July 10, 2015

Komfie Manalo, Opalesque Asia:

The healthcare sector has been providing good returns for hedge funds this year. Healthcare is amongst the very few strategies in the hedge funds space to have posted gains in June. The HFRI Technology/Healthcare Index up 0.35% in June (+8.33% YTD), data provider Hedge Fund Research said.

Hedge fund Columbus Circle Investors raised its stakes healthcare-focused fund in anticipation the sector will boom following the decision by the Supreme Court validating the Obama healthcare law, said Value Walk. Oliver Marti said CCI said is bullish on HCA Holdings Inc, Universal Health Services, and Tenet Healthcare Corp and expects positive price actions on those stocks.

Glenview Capital Partners also bought shares in HCA, Universal and Tenet last year. Glenview Capital was up 6.8% as at end May this year.

Marti added that his $1.3 billion CCI Healthcare Partners is up 4.7% so far this year, while the $65 million CCI Micro Healthcare Partners, is up 11.4% in the same period.

Another healthcare-focused hedge fund, Joseph Edelman's Perceptive Life Sciences fund, returned 34.4% for the year through June 19. The biotech-focused hedge fund is having an p......................

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