Tue, Mar 31, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

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.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. PE/VC: Unicorns sometimes sting, Private equity at crossroads as rout offers deals, curbs lending, S&P survey shows sagging prospects for private equity[more]

    Unicorns sometimes sting From PIonline.com: Venture capital firms are on a roll. Some 259 U.S. venture capital funds amassed $46.3 billion in 2019, the second highest by amount of capital raised and number of funds since 2006, according to the PitchBook-NVCA Venture Monitor. The biggest f

  2. Study: Three threats to hedge funds, Institutions seeing more private credit risks[more]

    Three threats to hedge funds From All About Alpha: A recent paper by a scholar at Tilburg University and a market participant at Robeco outlines the difficulties that the hedge fund industry has faced over the last decade. These problems arose, at least in part, from the democratization o

  3. Hedge fund Solus to close flagship investment vehicle[more]

    From FT: Solus Alternative Asset Management, one of the best known specialists in distressed investments, is closing its flagship fund after suffering a combination of heavy redemptions and poor performance. The hedge fund, which as recently as November managed $4.3bn in assets, is one of the fi

  4. Coronavirus 'possibly the biggest economic event of all our lifetimes', 'Big short' Michael Burry has a bearish bet and warns of a selling stampede, Investors' Black Death fear driving panic, says Witan Investment Trust chief Andrew Bell[more]

    Coronavirus 'possibly the biggest economic event of all our lifetimes' A former macro fund manager said on Thursday that the economic impact of the coronavirus - which is shaving trillions off the stock market and exerting a domino effect on the world economy - might be even worse than th

  5. Investing: As markets plunge, short sellers make hay, Time to buy, says GMO[more]

    As markets plunge, short sellers make hay From Institutional Investor: Short sellers floundered during the bull market. But as the market tides have turned, so too have their fortunes. "Some people haven't invested in hedge funds for a very long time," said Mark Roberts, owner of sh