A rising hedge fund star is shorting the Australian wine company that owns popular brands Beringer and 19 Crimes

The largest generational cohort prefers liquor to wine and beer, and a growing percentage of millennials are choosing marijuana over alcohol, said Angela Aldrich, founder of Bayberry Capital Management, during her presentation at the Sohn Investment Conference on Monday.

While the company and its stock have grown steadily over the last five years, Aldrich suspects a slowdown is coming as Treasury struggles to retain its top talent and has oversaturated distribution channels as millennials turn away from wine.A buzzy new activist fund is pushing for change at Wyndham Hotels to save the company money and help the environment

A Blue Ridge alum, Aldrich believes what sets her firm apart is her ability to short. Her fund has been backed by Blue Ridge founder John Griffin, and she said in a previous interview with Business Insider that she learned to short from Griffin.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meet the 5 rising stars presenting their investment ideas at the world's highest-profile hedge-fund conferenceFor first time since Sohn began its 'Next Wave' series six years ago, the majority of presenters identified as rising stars on Wall Street are not white men. I gotta pay to read this, pass
Source: BusinessInsider - 🏆 729. / 51 Read more »

Healthcare, bullish bets dominate hedge-fund Sohn Investment Conference picksBig-name hedge fund managers, including David Einhorn and Larry Robbins, pitched... Cause they are making up stories and stuffing drugs up their butts
Source: Reuters - 🏆 2. / 97 Read more »