{"id":49638,"date":"2015-08-19T09:13:26","date_gmt":"2015-08-19T13:13:26","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=49638"},"modified":"2015-08-19T09:13:26","modified_gmt":"2015-08-19T13:13:26","slug":"hedge-funds-betting-on-a-big-pharmaceutical-merger","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2015\/hedge-funds-betting-on-a-big-pharmaceutical-merger.html","title":{"rendered":"Hedge Funds Betting On A Big Pharmaceutical Merger"},"content":{"rendered":"<p>New York (HedgeCo.net) \u2013 With one big merger in the works but far from a done deal, the pharmaceutical sector is drawing a lot of attention from hedge funds. In the latest 13F filings hedge fund luminaries like David Tepper\u2019s Appaloosa Management and John Paulson\u2019s Paulson &#038; Co both revealed positions in large pharmaceutical companies. For Tepper his position is in Mylan (NYSE: MYL) which is in merger talks with Perrigo (NYSE: PRGO). Paulson\u2019s 13F revealed a new position in Teva Pharmaceuticals (NYSE: TEVA). <\/p>\n<p>In addition to Tepper and Paulson\u2019s pharma purchases, Kyle Bass\u2019 Hayman Capital, Dan Loeb\u2019s Third Point and Eric Mindich\u2019s Eton Park fund all opened new positions on Perrigo. <\/p>\n<p>Another stock that was added by both Paulson and Mindich as well as Paul Tudor Jones and his Tudor Investment Corp was semiconductor manufacturer Broadcom (Nasdaq: BRCM). Among the stocks getting dumped by hedge funds were Liberty Ventures (Nasdaq: LVNTA), IBM (NYSE: IBM) and Micron Technology (Nasdaq: MU).<\/p>\n<p>Rick Pendergraft<br \/>\nResearch Analyst<br \/>\nHedgeCoVest<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) \u2013 With one big merger in the works but far from a done deal, the pharmaceutical sector is drawing a lot of attention from hedge funds. In the latest 13F filings hedge fund luminaries like David Tepper\u2019s [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3,16048],"tags":[],"class_list":["post-49638","post","type-post","status-publish","format-standard","hentry","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49638","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=49638"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49638\/revisions"}],"predecessor-version":[{"id":49639,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49638\/revisions\/49639"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=49638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=49638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=49638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}