In the world of hedge funds, there are performers, there are outperformers, and then there is Larry Robbins' Glenview Capital. While few funds managed to produce double-digit returns in 2004 and many were flat to negative, Glenview was up 34% net-of-fees.
That astonishing figure can be attributed in part to a stellar November, in which the $3.2 billion Glenview Capital produced a hefty 8% gain, and a strong December, when...