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Robbins Suffers Losses On Obamacare Bets After Announcing Closure Of Flagship Fund
Posted on: Nov. 6, 2015, 12:11 p.m.
Hedge fund manager Larry Robbins announced he is closing his funds after losing bets on the health-care industry, while giving existing investors the opportunity to invest in a long-only fund. Robbins’ Glenview Opportunity Fund has been the top-performing hedge fund over the last three years, with annualized returns of more than 57 percent. He’s done this by relying on concentrated exposure to health care shares, which he believed would soar on the back of Obamacare and an aging baby boomer ... Full investment news article
Microsoft buys Mobile Data Labs, the startup behind mileage-tracking app MileIQ | VentureBeat | Apps | by Jordan Novet
Posted on: Nov. 6, 2015, 12:10 p.m.
Microsoft today announced that it has acquired Mobile Data Labs, a startup that built MileIQ, a mileage-tracking app for iOS and Android. The app isn’t going anywhere. But the people behind the app will begin working on integrations with Microsoft software. “The team will continue to build and offer mobile productivity solutions and look to take advantage of insights from Office 365 and the Office Graph,” Microsoft Office 365 and Outlook corporate vice president Rajesh Jha wrote in a blog ... Full investment news article