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High-profile investors bet on stocks tied to millennials: Sohn Conference

“Against a background of more volatile markets and worries that some of the biggest hedge fund managers are nursing losses this year, many in the audience focused on the smaller, better-performing investors like Oleg Nodelman” reports businessinsider.com. Alexander Captain, who runs Cat Rock Capital Management, introduced Dutch company Takeaway.com NV while Lin Ran, who runs Half Sky Capital, pitched GrubHub Inc , the parent company of Seamless. Nodelman, founder and managing Director of EcoR1 Capital LLC, whose fund returned a reported 53 percent last year, announced a long bet on drug company Ascendis Pharma A/S .Organizers said they were expecting as many 3,000 attendees at New York’s Lincoln Center, making Sohn one of the most high-profile investment conferences of the year.John Khoury, founder and managing partner of $2.7 billion hedge fund Long Pond Capital, revealed a long position in U.S. homebuilder D.R. Horton Inc , which he said should see a boost as more millennials age into the first-time home buyer market.
 
Source: businessinsider.com



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