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NEW YORK (AP) — It was Pharrell Williams who was being honored as a fashion icon, but it was another music superstar who got a lot of the attention at the annual Council of Fashion Designers of America awards on Monday night.
By David Randall NEW YORK (Reuters) - Last July, when Federal Reserve Chair Janet Yellen spurred a sell-off in healthcare stocks by saying that valuations in shares of biotech companies looked "stretched," portfolio manager Graham Tanaka saw an opportunity. After a year-long buying spree, he now has more than a quarter of his $17 million Tanaka Growth fund portfolio in healthcare companies such as Gilead Sciences Inc, up from just 5 percent at the start of last year. That bet is paying off: his fund is beating the S&P 500 by about 13 percentage points since the start of the year, putting Tanaka in the top 1 percent of equity fund managers tracked by Morningstar.