BOSTON (Reuters) – Glenview Capital Management, the hedge fund run by Larry Robbins, has lost roughly 30% in the first three months of 2020 as the spread of the new coronavirus hurt the healthcare facilities and hospital operators the firm has invested in.
FILE PHOTO: Larry Robbins, Founder, CEO and Portfolio Manager for Glenview Capital Management, LLC speaks during the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019. REUTERS/Brendan McDermid
The $6.7 billion firm, which invests heavily in healthcare stocks, said this week that its Glenview Capital Partners fund tumbled 19.5% in March, leaving it down 30.48% in the first three months of the year, according to data compiled by investment firm HSBC and seen by Reuters.
Last year the fund returned 26.28%.
By comparison data from Hedge Fund Research shows that the average global hedge fund lost 5.88% in March, leaving it down 6.85% for the first three months.
A spokesman for Glenview declined to comment….