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Intercept’s Magic Pill for Hedge Fund Shareholders
The drug maker has taken its hedge fund buyers — who include SAC, Adage and Millennium — on a wild ride.
December 17, 2025
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     AQR Capital Management and J.P. Morgan were among the institutions looking smart at the end of 2013. They had bailed out of the New York biotech company Intercept Pharmaceuticals, a stock that fell 11 percent in the

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