new substantial holder

So these are the guys that have just become a substantial holder in BLT. Certainly have a pretty good track record.

The Best Hedge Fund You've Never Heard Of

The secret of the hedge fund industry is that the best performing funds are nearly always the newest and usually the smallest funds. And they are great funds to piggyback.
These are funds that are structured to perform in any market condition. And they tend to put up big numbers.

Sure, everyone has heard of Carl Icahn, George Soros, even the likes of David Einhorn these days. But did you know who the best biotech and healthcare investor in the world is? It's RA Capital.

By hedge fund standards, these days, RA Capital is a small fund. They have about $300 million under management. And they deploy these assets in a very niche strategy. They only buy about 10 stocks a year. And they have a record of seeing some of those stocks run 100%, 500% and even 1,000% in less than a year.

For 2013, RA Capital is up more than 115% year-to-date. They have four stocks on their books that have gone up more than 200% and one stock that has gone up more than 1,000%.

Better still, their performance through the years has proven to be uncorrelated to the broader stock markets. Even in bad stock markets (like 2008, 2011), they still made money!

So how do they do it?

First, they are run by one of the smartest minds in the biotech world, a Harvard Phd in Virology. His name is Peter Kolchinsky. Kolchinksky is one of the foremost experts in biotech investing. This guy is a bona fide genius.

Second, Kolchinsky runs a highly concentrated portfolio of small undiscovered biotech stocks.

This formula has produced 44% annual returns since 2002. Those are staggering numbers. Comparably, the S&P 500 did 5.5% over the same time period.

Even more impressive, RA Capital has produced these gigantic returns during one of the ugliest 11-year stretches in the stock market history -- and they have done so without a losing year.

Let me repeat that: RA Capital has averaged 44% a year over, for the past 11-years, and has never had a losing year. In 2008, the S&P was down 37%, they were up 11%. In 2011, the S&P 500 was up 2%, they were up 14%.

If you would have invested $10,000 in the same stocks that RA Capital owned since 2002, you would now have over $1.1 MILLION DOLLARS.

This is one of the best track records I've ever seen -- certainly over this period of time. And this is why Mr. Kolchinsky has become a very rich man over the course of the past 11-years