Funds Benefit from Merger-Happy Health Care Stocks
Viking Global, Glenview Capital and Visium profit as stocks like Actavis, Anthem and Cigna rise on takeover fever.
Health care stocks were on a tear Monday, thanks to merger mania in the health insurance industry. Many other health care subsectors have been surging all year.
Some of the biggest beneficiaries of this mania are hedge funds.
As we earlier reported, entering the second quarter, health care represented about 26 percent of the total gross exposure of O.