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Special thanks to Bill Ackman, Maneet Ahuja and Mark Axelowitz for arranged the conference.

The conference opened up with the following performance information:

9.5% up from one year ago, seven ideas equally weighted versus ~1% for the S&P500.

Last year’s best performing idea was JCP, presented by Bill Ackman and  up 34% since then.

 

56% total return from two years ago in an equally weighted basket.

Liberty media up 193%

GGP up 110%, which was presented by Ackman

Bill Ackman joked about making a Girls and Boys Harbor Conference hedge fund.