The Sohn Investment Conference in New York kicked off with a bang Wednesday as one hedge fund manager sent shares of Kraton Performance Polymers, a chemical producer, soaring by more than 10 percent. Another manager recommended shorting a wireless internet provider, sending that stock significantly lower.
Sohn is the most widely anticipated hedge fund event of the year, where the world's most successful managers volunteer their time and best investment ideas to raise money in the fight against childhood cancer. This year the conference began with Next Wave Sohn, featuring the "next generation of talent" among hedge fund managers.
The picks from these rising stars are below.