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Health Care - Managed Care: First
J.P. Morgans John Rex extends his winning streak to eight years; he is also ranked third in Health Care Facilities. Hes the best in the business no one else comes close, proclaims one pension fund manager. Rex, 49, emphasized his buy on Indianapolis-based benefits provider WellPoint in October 2010, at $56.44, telling clients that the Patient Protection and Affordable Care Act, which President Obama had signed into law in March, would have only a minimal long-term impact on managed-care companies. WellPoints stock shot above $80 in early July before tumbling with the rest of the market; it ended August at $63.30, for a gain of 12.2 percent that lagged the sector by 16.7 percentage points but bested the broad markets 3.5 advance over the period.