Galleon sails ahead

Mon Nov 1, 2004



Despite Merck's meltdown, in which net income for the pharmaceutical giant fell a drastic 29% for the third quarter, September was the best month many healthcare-focused hedge funds had in some time. The Galleon Healthcare Offshore Ltd. fund, run by Sam Navarro, is up an estimated 1.54% for September, bringing its year-to-date figures to an estimated 1.65%....

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