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.