Thursday, October 31, 2019

Sohn London Investment Conference: Only 2 Weeks Away

The 8th annual Sohn London Investment Conference is only two weeks away.  It will take place on the 14th November at London Marriott Hotel, Grosvenor Square. 

It will feature some of Europe's top fund managers sharing their best investment ideas to benefit charity including the Sohn Conference Foundation, which is dedicated to the treatment and cure of paediatric cancer and other childhood diseases.

This year also includes the second Sohn Women's Brunch, as a forum for women in finance aiming to promote diversity in the industry. 

You can get more information about the conference here:

Sohn London 2019 Speakers List

- Brian Baldwin, Trian Fund Management

- Catherine Berjal, CIAM

- Fadi Arbid, Amwal Capital

- James Hanbury, Odey Asset Management

- Jason Ader, SpringOwl Asset Management

- Lucy Macdonald, Allianz Global Investors

- Måns Larsson, Makuria

- Pieter Taselaar, Lucerne Capital Management

- Per Johansson, Bodenholm Capital

- Tamas Eisenberger, Sikra Capital

Conference Details

When: 14th November 2019

Where: London Marriott Hotel, Grosvenor Square

This should be another great event as always. You can click here to register for the conference.

Glenview Capital Trims Brookdale Senior Living Stake

Larry Robbins' Glenview Capital now owns 9.59% of Brookdale Senior Living (BKD) with over 17.63 million shares, per a 13G recently filed with the SEC.  This marks a slight decrease from the 18.43 million shares they owned at the end of the second quarter.  The filing was made due to portfolio activity on October 30th.

Per Yahoo Finance, Brookdale "owns and operates senior living communities in the United States. It operates through five segments: Independent Living, Assisted Living and Memory Care, CCRCs, Health Care Services, and Management Services."

ValueAct Capital Reduces Alliance Data Systems Position

Jeff Ubben's activist firm ValueAct Capital has also filed both a Form 4 and a 13D with the SEC regarding its stake in Alliance Data Systems (ADS). 

ValueAct now only owns 2.7% of the company with a little over 1.377 million shares.  This is down from the 3.7 million they reported owning back at the end of Q2.
The Form 4 filing notes that ValueAct converted its previously disclosed 150,000 shares of Series A non-voting convertible preferred stock into 1.5 million shares of common stock.  The 13D also indicates that ValueAct sold 2 million ADS shares at $101.50 on October 28th and sold another 1.83 million shares at $102 the next day.

Per Yahoo Finance, Alliance Data Systems "provides data-driven marketing and loyalty solutions worldwide."

Wednesday, October 30, 2019

What We're Reading ~ 10/30/19

The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution [Gregory Zuckerman]

How TikTok holds our attention [The New Yorker]

Inside the Nordstrom dynasty [NYTimes]

Is Amazon unstoppable? [The New Yorker]

Schwab kills commissions to feed its flywheel of scale [Intrinsic Investing]

Learning from Costco's Jim Sinegal [MastersInvest]

How Irish butter Kerrygold conquered America's kitchens [Bloomberg]

TheRealReal: the internet's luxury consignment shop [The New Yorker]

On the importance of humility [NYTimes]

With summer over, will hard setlzer's popularity go away? [LATimes]

The strange revival of vinyl records [The Economist]

On filtering the barrage of financial news [CFA Institute]