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Alternative Market Briefing

Hedge fund gurus show bear stance during Sohn conference, SALT conference: hedge fund news, week 19

Monday, May 13, 2013

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Ingrid Pierce
Hedge fund industry leaders gathered in Las Vegas for Skybridge’s SALT conference this week, during which Ingrid Pierce of Walkers law firm talked to Opalesque about hedge fund launch trends; hedge fund manager Josh Birnbaum said he believes in a housing recovery, and that the macro trade today is not as good as it was.

Stanley Druckenmiller said the supply and demand situation in commodities is deadly and recommended shorting "commodity currencies" during the Sohn conference in New York, BusinessInsider reported; many of the investment gurus speaking at the conference warned of tougher times ahead; energy stocks came up as top ideas several times; and David Einhorn advised his fellow investors to “do your own homework” (it was reported elsewhere that Einhorn’s Greenlight Capital had increased its exposure in Apple, and had closed its longstanding “short” position in bond insurer MBIA ).

In the week ending May 10, 2013, ex ResCap he......................

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