Mon, May 29, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund managers offer domestic investment ideas at SALT

Friday, May 19, 2017

Bailey McCann, Opalesque New York:

While hedge fund managers used the first day of the SkyBridge Alternatives Conference (SALT) to spotlight investments abroad, the second day offered a few ideas for the US.

The Carlyle Group's David Rubenstein opened the day by voicing what many investors have started to suspect as evidenced by yesterday's selloff - that US tax reform isn't on the horizon. Rubenstein noted that Republicans don't have the votes in the Senate to prevent a filibuster and that it will be difficult to craft a tax package similar to the revenue-neutral bill that was passed during the Reagan administration, in part because of the likely cuts to the corporate tax rate.

Rubenstein's presentation was followed by a panel including Jim Chanos of Kynikos Associates, Jason Karp of Tourbillion Capital Partners, John Lykouretzos of Hoplite Capital and Ricky Sandler of Eminence Capital, which offered some of the managers best ideas.

Jason Karp made a long call on biotech firm Sarepta. Karp sees as much as a "200% upside" for the company, noting that Sarepta's treatment for Duchenne muscular dystrophy appears to work well and will continue to take revenue share as doctors realize the treatment potential.

Hoplite's Lykouretzos gave a long call on Nike, saying that the company had been unfairly hurt by a narrow understanding of trends by investors and analysts. He also noted that the company is number one in Asia - a key intern......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  2. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  3. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  4. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  5. Opalesque Roundtable: France's hidden strengths in AI and machine learning[more]

    Komfie Manalo, Opalesque Asia: All nations offer their strengths and weaknesses, but one that is undisputed is the quality of the French scientists, claimed Guillaume Vidal, co-founder of French technology startup Walnut Algorithms at the