Delivering Alpha: What's Coming?

CNBC/Institutional Investor's Fifth Annual

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.

During 2014's Delivering Alpha conference, hedge fund managers discussed their latest investments and opinions. Here is a

of notable statements: •3:50 p.m. - Nelson Peltz told the gathering he's dissatisfied with the performance of

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

to take action to maximize shareholder value. Shares closed up 0.18 percent to $44.06. •2:48 p.m.-

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

because financials are priced low. Citigroup closed at $49.82, up 1 percent. •11:07 - Cooperman says

will benefit from 18 rigs in North Sea. The shares closed down 0.74 percent at $20.15. •11:05 a.m - Cooperman Says

could double its dividend. Shares closed $34.98, up 0.52 percent. •11:02 a.m - Leon Cooperman of Omega Advisors likes

. Shares closed at $217.93, down 0.47 percent.