Money managers under the microscope
The best deal on Wall Street?
Investors who don’t want to pay hedge funds’ high minimums can still get a taste of top managers’ best ideas at an exclusive conference in New York next week.
For as little as $1,000 — a tiny fraction of the $1 million many hedges demand as a minimum investment — guests can listen to activist hedge fund managers William Ackman and Nelson Peltz plus five other prominent investors talk trends and investment ideas.
Considering that Ackman’s flagship portfolio at Pershing Square Capital Management returned over 50 percent last year, this might be the best deal on Wall Street next month, several analysts quipped about the event.
All proceeds raised will help fund Boys & Girls Harbor, an organization that provides education to 2,000 children from poorer neighorhoods East Harlem, Harlem and the South Bronx.
Learning has long been a dear cause to Ackman.
Known in the industry for his cool intellect, Ackman relishes breaking complicated concepts into more digestible chunks. He began honing those skills as far back as high school when the Harvard-educated math whiz remembers tutoring a friend and pulling his failing calcus grade up to an A, easily.
The eventis scheduled for February 3 from noon until 6:30 pm at JPMorgan Chase.