“The health care sector has been making headlines recently–and not necessarily for the right reasons. Between Valeant’s tumble, which has seen shares fall 68% year-to-date, and the blow-up of the proposed Pfizer / Allergan merger, the sector as a whole has been under pressure. But hedge fund CIO Steve Boyd sees opportunity. Boyd runs Armistice Capital, which has had an annualized return of 24% since 2012. He argued on the Halftime Report that while there’s been a sell-off, the fundamentals have not actually changed.”
Read the full article: Hedge Fund Outperformer: Buy Healthcare
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