Picks from Loeb, Cooperman, Falcone won big at Delivering Alpha Conference

By Lawrence Delevingne

Mon Jul 16, 2012


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Tim Geithner, Hank Paulson, Bill Ackman, Jim Chanos slated for the encore July 18.


   
   Leon Cooperman (Photo: Bloomberg)

Update: see picks from the 2012 Delivering Alpha conference here.

Maybe mimicking brand name hedge fund managers really does pay off. Investors would have a little more alpha in their portfolios had they copied ideas from Leon Cooperman, Dan Loeb and even Phil Falcone last fall. Their picks and others from the first Delivering Alpha conference, a collaboration between Institutional Investor and CNBC, have shot up since they were recommended in September 2011 (see chart below based on a CNBC summary of event picks).

The hedge fund and economic elite are back this year. Big names set to speak on Wednesday at The Pierre hotel in New York City include current and former U.S. Secretaries of the Treasury Timothy Geithner, Hank Paulson and Robert Rubin. Preet Bharara, United States Attorney for the Southern District of New York, will be there, as will Henry Kravis of KKR.

Hedge fund managers in attendance will include Bill Ackman of Pershing Square Capital Management, Cliff Asness of AQR Capital Management, Peter Briger of Fortress Investment Group, James Chanos of Kynikos Associates, Andrew Feldstein of BlueMountain Capital Management, Marc Lasry of Avenue Capital and Richard Perry of Perry Capital. 

Leon Cooperman of Omega Advisors will also be back. If he's pitching, analysts will likely be listening.

Speaker

Firm

Sept. 14, 2011 message

Results

Leon Cooperman

Omega Advisors

"The US equity market will be higher at the end of the year than it is presently. Stocks are the best house in the financial asset neighborhood." Go long Apple, Qualcomm, Boston Scientific, Sallie Mae and KKR Financial Holdings.

AAPL: +57%

QCOM: +5%

BSX: -10%

SLM: +23%

KFN: +5%

Phil Falcone

Harbinger Capital Partners

"There's a definitive shift today in the way the consumer is looking at things. In tight economies, the consumer always takes a different approach to how they shop. They become thrifty shoppers. The best way to capitalize on this is to focus on companies where the consumer is buying value-added products." Go long Spectrum Brands.

SPB: +46%

Dan Loeb

Third Point

Go long Yahoo.

YHOO: +10%

Kyle Bass

Hayman Advisors

"A cluster of sovereign defaults" is going to happen "much sooner than people are ready for." Buy options against Japanese bonds.

No Japanese default yet



See also: Ackman, Chanos win big on 2011 Ira Sohn picks; Singh, May and others lose

ISSN: 2151-1845 / CDC10004H