Hedge fund managers recommended buying stocks of companies they believe will benefit from the movement of many services online, even though society is expected to return to more human contact after the global coronavirus pandemic ends. Investors presented ideas ranging from food delivery to copper mining at the virtual Sohn Investment Conference, which gathers hedge .
Hedge funds bet on subscription-based businesses, pharmacy and copper
By Maiya Keidan
Reuters
(Reuters) - Hedge fund managers on Wednesday recommended buying stocks of companies they believe will benefit from the movement of many services online, even though society is expected to return to more human contact after the global coronavirus pandemic ends.
Investors presented ideas ranging from food delivery to copper mining at the virtual Sohn Investment Conference, which gathers hedge fund managers annually to pitch their top bets and raise money for a charity funding research in pediatric cancer treatments.
Andrew Nunneley at Glenernie Capital said he believed German s HelloFresh had a huge opportunity to capture market share with meal-kit delivery companies currently accounting for a mere 1% of the grocery market.
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