Delivering Alpha: What's Coming?
CNBC/Institutional Investor's Fifth Annual "Delivering Alpha" conference is set to kick off on Wednesday at the iconic Pierre hotel in New York City. The conference features the "whose who" of the investment, banking, political, economic and hedge fund community.
This Year's Notable Speakers:
- William (Bill) Ackman, CEO of Pershing Square Capital Management
- M. Barry Bausano, President of Deutsche Bank Securities
- Senator Ted Cruz, (R) Texas
- Larry Fink, CEO of Blackrock
- Carl Icahn, Chairman of Icahn Enterprises
- Nelson Peltz, CEO of Trian Fund Management
2014 Recap: Some Stocks Moved, Others Didn't
During 2014's Delivering Alpha conference, hedge fund managers discussed their latest investments and opinions.
Here is a recap of notable statements:
•3:50 p.m. - Nelson Peltz told the gathering he's dissatisfied with the performance of Family Dollar Stores Inc. (NYSE: FDO) At 3:35 p.m., Carl Icahn said Family Dollar "could use a partner." Family Dollar closed at $61.43, up 0.16 percent.
•3:03 p.m. - Jeff Smith of Starboard Capital said he has urged the board of MeadWestvaco Corp. (NYSE: MWV) to take action to maximize shareholder value. Shares closed up 0.18 percent to $44.06.
•2:48 p.m.- Oasis Petroleum Inc. (NYSE: OAS) is a take over target, according to Paulson. The shares closed at $55.41 up 3.6 percent for the day.
•11:09 - Cooperman says he picked Citigroup (NYSE: C) because financials are priced low. Citigroup closed at $49.82, up 1 percent.
•11:07 - Cooperman says Nordic American Offshore Ltd. (NYSE: NAO) will benefit from 18 rigs in North Sea. The shares closed down 0.74 percent at $20.15.
•11:05 a.m - Cooperman Says Gaming and Leisure Properties Inc. (NASDAQ: GLPI) could double its dividend. Shares closed $34.98, up 0.52 percent.
•11:02 a.m - Leon Cooperman of Omega Advisors likes Actavis Inc. (NYSE: ACT). Shares closed at $217.93, down 0.47 percent.
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