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Why Hedge Funds Love Health Care IPOs

In recent months two companies with hedge fund ownership more than doubled, while several others are also up sharply.

A slew of health care companies went public this week, continuing a trend that has boosted the fortunes of some hedge funds this year. This year half of all IPOs have been health care companies, according to Renaissance Capital, a provider of institutional pre-IPO research. And most of these companies have

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