The smart money gathered in Manhattan Wednesday didn't spend their time pitching artificial intelligence venture bets or bitcoin-linked trading products.
At this year's Sohn conference in New York, the biggest names in hedge funds — such as David Einhorn, Elliott's Jesse Cohn, and Kirkoswald's Greg Coffey — preached fundamentals and restraint.
Solvay, Einhorn said, has "a relatively high and stable margin, a high return on capital, and a good return of capital."
Even hedge funds that are constantly stirring the pot, such as Paul Singer's Elliott Management and Bridgewater, were even-keeled.
"You've got a durable business with real differentiation, you've got a strong management team executing," he said.
Persons:
year's Sohn, David Einhorn, Jesse Cohn, Greg Coffey —, Einhorn, Elon Musk's, Greg Coffey, Oz, Moore —, Coffey, Emso, Paul Singer's Elliott, Ray Dalio, Karen Karniol, Sohn, Elliott, Marc Steinberg, You've, you've
Organizations:
Greenlight, Business, Solvay, Paul Singer's Elliott Management, Bridgewater, Elliott
Locations:
Manhattan, New York, Belgium, GLG, Australian, London, Bridgewater, China