The Sohn Investment Conference, one of the biggest hedge fund gatherings of the year, took place yesterday in New York, with Bill Ackman, David Einhorn, Keith Meister, and Larry Robbins among the hedge fund heavyweights that offered their theses on one or more of their most promising ideas. We’ve gathered a list of some of the top presentations and will check out how the market has reacted to them since yesterday.
We’ll start with Ackman, who famously pitched Valeant Pharmaceuticals Intl Inc (NYSE:VRX) at the Sohn Conference in 2015, a disastrous pick that ended up crashing by 95%. Ackman stuck to one of his longtime holdings, Howard Hughes, at this year’s event, saying that it’s “one of the most attractive times in the history of the company to invest.” Ackman likes Howard Hughes Corp (NYSE:HHC)’s geographical diversity and integrated business segments, and believes its South Street Seaport property is “one of the most valuable pieces of real estate I’ve seen in my career.” Howard Hughes Corp (NYSE:HHC) has surged by 5.73% this week.
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We’ll check out several other presentations on the following pages.