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Alternative Market Briefing

Managers at Delivering Alpha tout best ideas

Thursday, July 19, 2018

Bailey McCann, Opalesque New York:

Hedge fund managers and investors gathered in New York City today for the Delivering Alpha Conference. The slimmed down program saw longer interviews with fewer managers, but a small handful did give their best ideas from the stage.

Longs

Alex Roepers of Atlantic Investment Management recommended Huntsman Corp. as his best idea to kick things off. Roepers sees as much as 60 percent upside in the company which is also a takeover candidate.

Huntsman is a chemicals manufacturer that has been working through an efficiency initiative, shedding parts of the company and streamlining operations. Roepers says that those moves have put the company on the pathway toward strong growth, but the market hasn't caught on yet. "Management is doing the right things," he said from the stage.

Margate's Samantha Greenberg made the case for video game company Take Two Interactive. The call surprised some in the audience that haven't yet caught on to the strong growth in video games. Take Two has created several popular games and could create additional value with a monthly subscription option. Greenberg sees a 40 percent upside in the stock, as the company continues to build out its content pipeline and partner with industry leaders like EA Sports.

Alex Denner of Sarissa Capital announced a long call on neuroscience company Biogen. He also sits on the company's board. Denner says "neuroscience is where cancer was t......................

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