{"id":47245,"date":"2015-03-31T08:34:22","date_gmt":"2015-03-31T12:34:22","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=47245"},"modified":"2015-03-31T08:34:56","modified_gmt":"2015-03-31T12:34:56","slug":"double-dose-of-deals-benefits-deerfield-management","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2015\/double-dose-of-deals-benefits-deerfield-management.html","title":{"rendered":"Double Dose of Deals Benefits Deerfield Management"},"content":{"rendered":"<p>New York (HedgeCo.Net) Healthcare focused hedge fund manager Deerfield Management got a double-dose of good news on Monday as two of the stocks they are invested in announced deals over a billion dollars.<\/p>\n<p>Auspex Pharmaceutical (Nasdaq: ASPX) announced that it will be acquired by Teva Pharmaceuticals (NYSE: TEVA) for $3.5 billion. That is a 40% premium to the closing price on Friday, March 27. According to public filings, Auspex is the largest holding for Deerfield with an investment of approximately $315 million.<\/p>\n<p>Horizon Pharma (Nasdaq: HZNP) took the opposite path and announced that they are acquiring Hyperion Therapeutics (Nasdaq: HPTX) for $1.1 billion in cash. Investors liked the news as HZNP jumped over 18% on Monday.<\/p>\n<p>Deerfield had a 14% stake in ASPX and a 6% stake in HZNP making Monday a huge day for the fund. Deerfield had approximately $6 billion in assets under management so these two holdings accounted for approximately 10% of the funds assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) Healthcare focused hedge fund manager Deerfield Management got a double-dose of good news on Monday as two of the stocks they are invested in announced deals over a billion dollars. Auspex Pharmaceutical (Nasdaq: ASPX) announced that it [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[919,16,3],"tags":[],"class_list":["post-47245","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-research","category-hedgeco-networks-press-releases","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/47245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=47245"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/47245\/revisions"}],"predecessor-version":[{"id":47247,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/47245\/revisions\/47247"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=47245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=47245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=47245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}