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Glenview Cap Bounces Back From Disastrous 2011

Jan 02, 2013
Jing Chen

Hedge fund firm Glenview Capital has rebounded after a disastrous 2011.

The New York Post reported that New York-based Glenview’s flagship fund saw a 30% gain in 2012. The fund, which made large bets on health-care stocks, also increased 5.72% in the first 21 days of December alone.

The article also said that the firm’s smaller opportunities fund is up about 60% before fees. The numbers are quite a drastic change from 2011, which saw returns drop 12%.

Founded by former Omega Advisors trader Larry Robbins, Glenview manages approximately $4.5 billion in assets.

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