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Sohn Conferences launches ideas contest

Tuesday, March 07, 2017
Opalesque Industry Update - The Sohn Conference Foundation today announced the launch date of its Investment Idea Contest ahead of the 22nd Annual Sohn Investment Conference, in partnership with CNBC. The contest supports the Foundation's mission to treat and cure pediatric cancer. The winner will present his or her idea to more than 3,000 attendees from across the globe at the Conference on May 8, 2017 at Lincoln Center in New York City.

Sponsored by GLG, the world's leading professional learning membership, the contest will kick off on April 10, 2017 and is open to any individual with an investment idea for a marketable security (long or short) with a market capitalization above $1 billion. The submission deadline is 9 p.m. on April 26, 2017. A panel of the world's most elite investors, chaired by David Einhorn and including William Ackman, Joel Greenblatt, Seth Klarman and Larry Robbins will select the winner based on the judges' determination of the most compelling investment thesis with a one-year horizon.

"It's an opportunity of a lifetime to be selected by an all-star judging panel and present alongside the world's savviest investors," said Lance Laifer, one of the founders of the Sohn Conference Foundation. "The Sohn Investment Idea Contest is the only platform of its kind, encouraging anyone, regardless of industry, to share his or her best idea in pursuit of a coveted spot on the Sohn stage. We look forward to receiving this year's submissions and reviewing these fresh perspectives on the market."

The conference is famous for introducing a number of prominent investors to the global stage, including David Einhorn, Founder and President of Greenlight Capital. Einhorn received extensive coverage at the Sohn Investment Conference in 2008 for the short-selling of Lehman Brothers, just months before the bank collapsed. He is a long-time supporter of Sohn's mission to treat and cure pediatric cancer, having generously donated $7 million in profits resulting from the famed Allied Capital short bet he presented in 2002.

"The Idea Contest is a unique and exciting part of the Sohn Conference," said David Einhorn. "It's a way to encourage both professionals and students to showcase their ideas and present compelling, well-developed investment theses."

"GLG has long been committed to advancing medicine and science – beginning with our first projects more than 15 years ago," said Alexander Saint-Amand, CEO of GLG. "We are proud to sponsor the Sohn Investment Idea Contest and be part of the Sohn Conference Foundation's important work to treat and cure pediatric cancer."

Marc Grow, a student at Columbia Business School, won last year's idea contest and beat out hundreds of others, including professionals. Grow pitched a short on Dexcom (DXCM), an insulin device maker (continuous glucose monitoring), which is facing impending competition and is unable to increase price as revenue per user declines.

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