Wild Ride for Joseph Edelman’s Perceptive Advisors

The New York firm’s Perceptive Life Sciences fund was able to significantly cut its losses after several of its stock picks soared during a volatile week.

What a week!

That’s what the folks at health care–oriented hedge fund firm Perceptive Advisors must have been saying in recent days.

After all, since May 25 no fewer than three of its stock holdings enjoyed huge one-day surges. In one case the stock more than tripled.

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