Money managers under the microscope
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.
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
BofA/Merrill: Hedge funds strong, but high-water marks elusive – Seeking Alpha