the winner out of all of them, 84% gain last year, the man larry robbins, the fund glenview.e put his money and hospitals. once obamacare overcomes those legal hurdles, he knew that it meant eventually more people got insured in the u.s.. it meant eventually there would be more paying customers turning up at those hospitals. that is where he put his money. once i gain of 45% by october alone. this man saw the gains in equity markets. he had the conviction to go hard. it was in health care. he benefited from big bet on hospitals. >> tell me more about the man. there are some wonderful quotes in here about what it takes to get on in hedge funds. >> i think any hedge fund manager has to be two words, over smart. this man is over smart. he said he did not want anybody to "talk over my head pico a working-class -- over my head ad." -- over my he he doesn't subscribe to the investor activism. he cause it suggested his him. a little bit more classy. a man's performance last year. >> he doesn't hold any energy or any mining stocks and once to stick to those stocks that have cyclical

is the us this morning best-performing hedge fund 2013, larry robbins. his returns are nothing short of extraordinary. welcome and thank you for joining us. 2013, you were the man but guess who is the man today? my partner erik schatzker because january 10 is his birthday. i think it is far more important than the jobs number. it's myact that birthday makes something out of a day that otherwise would be a massive disappointment. the jobs report was horrible. the u.s. economy added 74,000 jobs in december, lower than the most pessimistic economists view. >> can i get ready for knowing it's your birthday? >> i get to kiss you. michael mckee is here to talk about jobs. the topline number is kind of noisy. it gets revised month after month. 74,000, is there anything in there that makes it look that are? >> i'm figuring out how to top that. >> don't kiss me. >> you have to realize that these numbers do get have a late resolve. march of this year, only 88 house and jobs. we had zero jobs reported and now it is 146,000 after revisions. this could change. the jo

larry robbins, remarkable. where did he put his money?talking about a mix between politics and business. he saw that was obamacare came over those final legal hurdles, that more people eventually would get insurance provisions. it meant that more paying customers arrived at hospitals, more volume, more money. join the dots, put it together, go in hard. that is what he did. facilitieshcare runs across multiple states. it saw a gain of 45% by october. with these guys is, is there consistency? how did they do five years before that? if i am putting money with you, you can have one great year and if you have four bad years after that i am not interested. >> it was almost a perfect storm for larry robbins. this is a guy that typically does not like the cyclicality of these stocks. stocksar it was those that he avoided. going forward, we know what the numbers are. hedge funds have underperformed the market for a long time. the last time they beat the market was 2008. do you know why? their losses were less than the overall losses of the stock m

we will have larry robbins on market makers this morning. why are you here this morning? will be up to midnight? >> this is how i get ready for "market makers." >> who is he? care about himou is he is the top-performing hedge fund manager in 2013 according to a survey by bloomberg markets. he's got a $2 billion fund. find -- fund,ort 101.75% net. >> he was clean on $2 billion. >> people complain about hedge funds underperforming and he more than triple the s&p 500 and is largest fund was 5.5 oh yen dollars and that was 70% net long. we will see what he has to say about 2014. i am here with erik schatzker and tom keene. this is company news. number oneiving his spot in the pc business. it had an 18% market share in the fourth quarter 36.6% gain in shepherd. hewlett-packard was number two. stills droptry saw 10% -- and sales drop 10% over the year. a rise in carriers have to spend 60 billion dollars per year. this is about keeping personal records for the nsa. said it is aein huge civil situation. the chinese ministry of culture is in charge of directing new rules on videog

larry robbins of glenview capital. he bet on health care and hospitals. this was huge for him.s the long-short equity funds. timereally had a hard reading those central-bank tea leaves. >> they had a very hard year. their investors put pressure on to reduce the two and 20 down to one. >> or one and 15. >> yes. wasnd private equity another winning strategy. john paulson was a one-hit wonder. he bit -- he hit so big on subprime. he was the third-best performer in his recovery strategy why? -- recovery strategy. why? he bet on blackstone. two years ago, people were laughing at him. >> and if you were in gold, it is down. thee did talk about incredible salaries that bankers make and how they always argue that you have to pay people that are going after hedge funds. i wonder if people might start coming back to the bank, because at least you know you will get a guaranteed income. >> a job at a bank is a much more secure position. you'll get a big payout at a hedge fund. i'm going to show up and get a 17% payout. but if you do not perform at the end of that month, a secretary you've