Sun, May 31, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund veterans share best ideas at Delivering Alpha

Friday, September 20, 2019

Bailey McCann, Opalesque New York:

Hedge fund greats came together again in New York for the annual Delivering Alpha conference. This year's event had a different tone than years prior - there was less of an emphasis on markets and a greater focus on politics and headlines. Still, a few calls were made from the stage. Below is a roundup of best ideas.

Longs:

Uber & Lyft

Rideshare companies Uber and Lyft have had a tough time since their respective IPOs. Both stocks are down 25% since their IPO date. But, Glen Kacher of Light Street Capital was positive on both names. Kacher said that there is significant growth potential in services like Uber Eats. Both Uber and Lyft have raised prices for rides recently in the US, which is leading to some margin growth as well.

Enterprise Software

Andreessen Horowitz's Scott Kupor was positive on enterprise software companies like Salesforce. "I think the market size for these companies is materially bigger than we expected," he said from the stage.

Leon Cooperman, former head of Omega Advisors, who now oversees a family office, also announced a few buys from the stage including Cigna, New Media Investment Group, and WPX Energy. Cooperman said that the stock market in the US was largely overvalued, but noted that a few opportunities were still out there if investors were willing to hunt for them.

On the credit side, emerging market debt was popular with panelists throughout the day.

Shor......................

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. Tiger Global tops the list US-based venture capital market[more]

    Laxman Pai, Opalesque Asia: Tiger Global Management holds on to its position as market-leader in US-based venture capital, said a study. According to Preqin, the closure of tech-focused Tiger Global Private Investment Partners XII in January means the New York-based firm has raised more than

  2. Study: Emerging market bond issuers take hit as global recession deepens, The coronavirus pandemic could cost the global economy a nightmarish $82tn over 5 years, a Cambridge study warns[more]

    Emerging market bond issuers take hit as global recession deepens Increasing credit stress evident amongst many high-yield EM non-financial corporates as coronavirus disruption takes its toll, says Moody's. 74 out of 106 rated EM sovereigns have a stable outlook as of 30 April 2020 (compa

  3. Investing: Singer bets on Europe, emerging markets, Britain's unhealthy appetite for financial risk in essential services, How Stan Druckenmiller shook up his portfolio[more]

    Singer bets on Europe, emerging markets From Investment Magazine: William Blair's Brian Singer is looking to invest in Europe and the emerging markets as the recovery from the global economic shutdown to contain the pandemic will likely take longer than what the market has priced in.

  4. PE/VC: How Covid-19 could reshape private equity fundraising, The private equity bet that coronavirus cut short[more]

    How Covid-19 could reshape private equity fundraising From Asian Investor: The pandemic looks may have led to greater use of remote capital-raising but might it also encourage investors to establish more overseas offices? The coronavirus outbreak has inevitably hit the amount of mo

  5. Investing: Millennium hedge fund ups bet against Bank of Ireland, Value rotation was the last thing big funds thought would happen, Al Gore's firm sold Amazon and Microsoft stock. Here's what it bought.[more]

    Millennium hedge fund ups bet against Bank of Ireland From Independent: US hedge fund Millennium International Management has raised its bet against Bank of Ireland's shares. It comes as Davy says 2020 will be a write-off for banks, with losses across Irish lenders of €4bn. M