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Big-Name Hedge Funds Bought Healthcare Stocks in 1st Quarter

(Reuters) Prominent hedge fund managers appeared to make big first-quarter bets in UnitedHealth Group Inc, Anthem Inc and other health insurers whose shares tumbled in January after Jeff Bezos, Warren Buffett and Jamie Dimon in January announced a joint venture to slash U.S. healthcare costs. Jana Partners added a new position in Anthem, while Omega Advisors and Tiger Management both added new positions in UnitedHealth Group, according to regulatory filings released Tuesday. Shares of Anthem are 10.5 percent below the high for the year reached in January, while shares of UnitedHealth are 3.1 percent below January highs.

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