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MS Investment Leadership Conference FULL NOTES – Lansdowne, Marcato, TPG, Luxor,Third Point, Mangrove, Poinstate, HG Vora And More

An all star line up of speakers we have about 4.5K words of notes on their top long and short (there were many mentioned) ideas. First the line up from June 28th 2018. Also see our Q2 hedge fund resource page List of Speakers David Craigen, Partner at Lansdowne Partners Joshua David Samuelson, Vice Chairman at PointState Capital Robert S. Pitts, Limited Partner at Steadfast Capital Management Keith Meister, Corvex Management Parag Vora, HG Vora Capital Management Richard McGuire, Marcato Capital Management Nitin Saigal, Kora Management Vikram Kumar, Kuvari Partners Vivian Lau, One Tusk Investment Partners Jasjit Rekhi, Sandro Capital Brad Gerstner, Altimeter Capital Management Nathaniel August, Mangrove Partners Alex Gleser, TPG Public Equity Partners Simon Hillary, Lancaster Investment Management Seth Rosen, Nitorum Capital David Rosen, Rubric Capital Management Josh Clark, Southpoint Capital Management David Thomas, Atalan Capital Partners Tomoko Fortune, Criterion Capital Management Dennis Puri, Hunt Lane Capital Gil Simon, SoMa Equity Partners Christian Leone, Luxor Capital Leon Shaulov, Maplelane Capital Munib Islam, Third Point Notes below MS Investment Leadership Conference- June 28, 2018 Discussion 1 The panelists for the first discussion were: David Craigen, Partner at Lansdowne Partners Joshua David Samuelson, Vice Chairman at PointState Capital Robert S. Pitts, Limited Partner at Steadfast Capital Management To begin with, Lansdowne Partners recommends: Taking more short positions on Europe. This is based on the information that the European Central Bank is expected to keep the interest rates steady and will hold ultra-easy monetary policy. The interest rates are not expected to rise for a long time in the future. The economic growth and development, including the GDP, is expected to be dispersed regionally. For instance, the domestic market in Turkey is almost uninvestable due to the full-blown currency crisis. Along with Turkey, the financial and utilities segment in Italy also remains a poor proposition for investment due to the hostile political environment. The officials of Lansdowne Partners have had meetings with the new office-bearers in the new government of Italy and have learnt that the Italian government wants the debt owed by Italy to the European Central Bank (ECB) be written off and wants to incorporate a new voucher system as an alternative currency to work on negotiations with Germany and France. The short position is also due to the fear that the Euro Zone’s probability of breaking up is highest now, since 2010. The market is very fragile and...

Jacob Wolinsky

Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Prior to ValueWalk, Jacob was VP of Business Development at SumZero. Prior to SumZero, Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and three kids in Passaic NJ. - Email: jacob(at)valuewalk.comFD: I do not purchase any equities to avoid conflict of interest and any insider information. I have a few existing holdings from years ago, but mostly mutual funds and some ETFs. I also own 2.5 grams of Gold

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