Delivering Alpha 2012

Wary of geopolitical tumult and eager for their first quiet August in years, some hedge-fund managers scaled back the size and scope of their bets in recent weeks, a pullback that was reflected, say traders, in muted monthly returns.

Pershing Square Capital Management founder Bill Ackman told the audience at Delivering Alpha that his fund would take an activist role in Proctor & Gamble.

BlueMountain Capital Management chief Andrew Feldstein explained how his firm got involved in JPMorgan's disastrous bet on corporate debt.

Two Treasury secretaries from two different parties who served under two different circumstances agree on one thing: The U.S. has to, and probably will, avoid the 'fiscal cliff.'

Who would have thought that the man who may be Wall Street’s toughest cop would be the funniest guy at the Delivering Alpha conference?

Private equity kingpin Henry Kravis thinks presidential candidate Mitt Romney doesn't need to apologize for his prominent role in the industry.

Chanos said the company has been hiding the true costs of its R&D through acquisitions. Once the costs of these acquisitions are taken into account, revenues and cash flow at the company are “basically flat,” Chanos said.

The veteran investing guru and chairman at Omega Advisors believes growth will continue at a modest pace, but stocks will climb because they're underpriced and supported by several factors.

We acted forcefully early on allegations banks were fixing the Libor interest rate, Treasury Secretary Timothy Geithner said at the second annual CNBC and Institutional Investor's "Delivering Alpha" conference.

Appetite for liquidity has pushed down yields on the most liquid credit instruments and created value opportunities in less liquid bonds and bank loans, Andrew Feldstein told the CNBC and Institutional Investor Delivering Alpha conference.

The nation's coming public-pension crisis is more a matter of under-funding than generous benefits and poor money management, according to a diverse group of panels at the CNBC-Institutional Investor 2012 Delivering Alpha investment conference in New York.

Despite the recent slump in several high-profile emerging markets, the group remains a promising investment opportunity, according to a panel of top money managers at at CNBC-Institutional Investor 2012 Delivering Alpha conference in New York.

The first panel discussion at Delivering Alpha saw a sharp, if polite, divide on the subject of Europe.

Jim Leech, head of the Ontario Teachers’ Pension Plan, says the plan's portfolio is now 45 percent stocks.

A once-promising year for hedge funds has turned into another trudge through the muck, indicating that it may be time for the industry to rethink the way it does business.

Henry Kravis' KKR has developed far beyond traditional private equity; it is now a large, publicly traded, investment firm with diversified businesses that include capital markets and offices around the globe.

Hank Paulson and Robert Rubin both ran Goldman Sachs before taking the top Treasury post, but the similarities end there. One's a Republican, the other a Democrat. One's  associated with crisis and hardship, the other with calm and prosperity. Now they'll share a stage together.

Three of our panelists definitely delivered the goods, with prescient calls on US stocks, value-add consumer goods and Yahoo! Others, however, missed the mark on such things as the Hong Kong dollar and sovereign defaults.

The Treasury secretary is one of President Obama's longest-serving Cabinet members and has held key posts at the Federal Reserve and International Monetary Fund.