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Life Sciences Funds Show Some Signs of Health

Many funds have erased a big slice of their early-year losses but still have a long way to go to break even.

Life sciences and biopharma hedge funds are on a three-month winning streak.A number of funds posted another round of strong gains in August, a month in which the broad market averages were down sharply. This has boosted hope that the devastating multiyear selloff among fledgling biopharma and other healthcare stocks

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