Ira Sohn Recap

I wrote a really long post on this topic then managed to delete it.  Instead of recreating it, here are some summary links:

Will Hedge Stars Strike Out Again? (Barron’s, average pick did 10% worse than S&P including some really terrible picks down 80%+.)

Summaries from Zero Hedge, and First Adopter:

Peter Thiel, Clarium Capital: fade recovery, commodity inflation, deflation of owned assets

Joseph Healey, HealthCor Partners: Long Valeant Pharmaceuticals (VRX), Long Hologic (HOLX), Long Life Technologies (LIFE)

Mark Kindgon, Kingdon Capital: Long Bank of America (BAC)

Steve Mandel, Lone Pine Capital: Long Strayer Education (STRA)

Jim Chanos, Kynikos Associates: Short for-profit education companies, Short high margin health-care companies like Lincare Holdings (LNCR)

Lee Hobson, Highside Capital: Long Millicon International (MICC), Short Ritchie Bros. (RBA)

David Einhorn, Greenlight Capital: Short Moody’s (MCO)