May 8, 2017 / 6:18 PM / 5 months ago

TABLE-Hedge fund managers' investment picks from Sohn conference

    NEW YORK, May 8 (Reuters) - Hedge fund investor Keith
Meister of Corvex Management LP on Monday kicked off the year's
most prominent investment conference by laying out the case for
CenturyLink Inc shares, which he believes have an upside
of 43 percent. 
    Fine Capital Partners founder Debra Fine said she sees the
fair value of DHX Media's shares at C$20 to C$30 and
the company's EBITDA more than doubling in four years because
children’s content is valuable and in demand. She said that the
market has ignored the value of DHX’s tax position and
undervalued the track record of its management team.
    Below is a table listing some of the hedge fund managers who
have spoken, or will speak, at the Sohn Investment Conference in
New York, in order of appearance, and the investment ideas they
presented to the audience: 
    
 INVESTOR        FIRM         STOCK/BOND/CU  NOTES 
                              RRENCY         
 Keith Meister   Corvex       Bullish on     Said
                 Management   CenturyLink    CenturyLink/Level 3
                 LP           Inc            merger is "game
                                             changing," revealed
                                             Corvex owns 5.5
                                             percent of
                                             CenturyLink.
 Debra Fine      Fine         Long DHX       Pegged DHX Media's
                 Capital      Media Ltd      fair value at
                 Partners LP                 C$20-C$30. 
 Bill Ackman     Pershing     Pitched long   Ackman has owned
                 Square       investment in  HHC shares for some
                 Capital      Howard Hughes  years. Said South
                 Management   Corp           Street Seaport is
                 LP                          highly valuable.
                                             Cited great
                                             management team,
                                             tax efficiency,
                                             excellent locations
                                             in United States.
 Chamath         Social                      
 Palihapitiya    Capital LP                  
                                             
 Davide Serra    Algebris                    
                 Investments                 
 Cliff Robbins   Blue                        
                 Harbour                     
                 Group LP                    
 David Einhorn   Greenlight                  
                 Capital Inc                 
 Jeff Gundlach   DoubleLine                  
                 Capital LP                  
 Brad Gerstner   Altimeter                   
                 Capital                     
 Josh Resnick    Jericho                     
                 Capital                     
                 Asset                       
                 Management                  
                 LP                          
 Larry Robbins   Glenview                    
                 Capital                     
                 Management                  
                 LLC                         
  

 (Compiled by Jennifer Ablan; Editing by Meredith Mazzilli)
  

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