- Big-name hedge fund managers, including David Einhorn and Larry Robbins, pitched stock ideas ranging from airplane lessors to biotech companies that are working to extend the human lifespan at the Sohn Investment Conference in New York on Monday.
Greenlight Capital’s Einhorn, who made his name pitching a timely short of Lehman Brothers before the 2008 global financial crisis, announced a long position in airplane leasing company AerCap Holdings and a short position in rail car leasing company GATX Corp, which he said has higher maintenance costs and less visibility into future revenues but trades at higher multiples than AerCap.
The average hedge fund was up 5.7 percent in the first quarter, the best start to a year since 2006, according to industry publication Hedge Fund Research. The company’s “pile of debt and the declining profitability of hospitals make it almost certain that this patient will die,” he said.Spencer Glendon, founder of Probable Futures, said increasing global temperatures and more severe storms due to the effects of climate change will undercut the economy of Florida and its housing market.
Cause they are making up stories and stuffing drugs up their butts
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