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.

(Andrey Rudakov/Bloomberg)

(Andrey Rudakov/Bloomberg)

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.

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