Hedge Funds

Harbor Investment Conference 2013: Picks from Ackman, Feldstein, McGuire and others

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The charity fundraiser returned after stellar predictions last year.

Bill Ackman used his own charity investment conference yesterday to again recommend his much-followed positions, reiterating his contention that nutrition company Herbalife is a pyramid scheme, real estate group Howard Hughes Corp. was highly undervalued and retailer J.C. Penney was on the verge of a turnaround.

The Harbor Investment Conference in Manhattan was hosted by Ackman and Mark Axelowitz of UBS Private Wealth Management to benefit the Harlem-based education non-profit Boys & Girls Harbor.

Other speakers included Andrew Feldstein of BlueMountain Capital Management, who recommended shorts in the steel industry; and Mick McGuire of Marcato Capital Management, who