Hedge Funds Performance

Visium boasts a big bounce in February


Thanks to its short positions, the $1.3 billion Visium Asset Management turned in strong February results, with Visium Balanced Fund gaining 4.14%, for a year-to-date total of 8.02% through February 28.

By comparison, the S&P 500 Index lost 11% in February and was down 18.6% over the same period. That's a big bounce back from 2008, when the biotech/health care-focused fund lost a total of 15%.

Visium, founded by Jacob Gottlieb, told investors in a recent letter that short positions in two managed care providers paid off particularly well. Both companies offer health coverage through Medicare Advantage plans,