“Best Ideas” from the Ira Sohn Investment Conference

May 22, 2012 Debbie Jacobs In the News

Yesterday, investors and hedge fund managers gathered at the Avery Fisher Hall at Lincoln Center, NY, to discuss the industry and to put forth their “best ideas.”

The event, known as the Ira Sohn Investment Conference, aims to boost both the treatment and cure of pediatric cancers. Over ten industry-leading investors spoke to a crowd of 3,000 guests, sharing their insights and opinions on the current market status.

John Paulson, easily one of the top hedge fund managers in the world, suggested three long options which included Caesers Entertainment, of which he owns shares; AngloGold Ashanti; and CVR Energy.

Though the gold-mining company’s stocks are currently unimpressive, Paulson sees this as an advantage. “For me, that represents an opportunity,” he explained. “If the earnings are growing but the stocks are falling, that means the stocks are at a better valuation than they were before.”

Paulson also bought a 9.9% stake in CVR Energy, predicting that it could climb to $36.00 per share.

Other hedge fund managers involved in the event included Dwight Anderson, who vouched for Westlake Chemical, David Einhorn who brought up Apple and Amazon, and Larry Robbins who supported hospitals, life sciences, short treasuries, utilities and defense.

Hedge Fund Charity, Hedge Fund Conference, hedge fund managers, Ira Sohn Conference, John Paulson,

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