The Corvex Select Equity fund is up 20.5% net for the year to the end of July, according to a copy of the fund's second-quarter investor update, which ValueWalk has been able to review.
The largest contributor to the long/short equity fund's performance in the second quarter was a new holding, Catalent.
This company played a "pivotal role in the rapid production of vaccines during the Covid-19 pandemic," according to Reuters, but after it slashed revenue and profit guidance at the beginning of the year and then delayed the filing of its accounts three times, investors quickly turned...
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