Reuters: 6 Things to Know About Q2 Hedge Fund Investment Reductions
Submitted By Anonymous, Created 08/15/2017 - 16:50
- Hedge funds that decreased their shares in healthcare companies include Third Point, and Jana Partners
- Jana Partners sold its shares in nine healthcare companies
- Farallon Capital dissolved its stakes in Indianapolis-based Eli Lilly and Co. and New York City-based Bristol-Myers Squibb Co.
- Third Point also decreased investments in some healthcare companies
- Overall in the second quarter, S&P 500 healthcare stocks increased 6.7 percent, compared to a 2.6 percent increase in the broad S&P 500 index, according to the report
- The actions by some hedge funds came as GOP lawmakers made efforts to repeal and replace the ACA
Source: Reuters
Source URL: https://www.reuters.com/article/us-investment-funds-idUSKCN1...