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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 Alexander Captain, who runs Cat Rock Capital Management, introduced Dutch company 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.

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