This Giant Hedge Fund Bought More of its ‘Biggest Loser’

(The Business Insider) Viking Global, the $30 billion plus hedge fund led by Andreas Halvorsen, bought more Valeant Pharmaceuticals stock in the fourth quarter even after it dragged down the fund’s performance. Viking Global Equities had a strong 2015 overall, finishing up 8.3% for the year, according to the fund’s fourth quarter letter dated January 14. The average hedge fund finished 2015 down 3.49%.

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