Hedge Funds Heavy Hitters Pitch at Yankee Stadium

Some of the hedge fund industry's biggest names made their sale pitch to prospective clients at Yankee Stadium on Tuesday.

The 54 hedge funds presenting are all clients of Goldman Sachs's prime brokerage business, which services the $2.2 trillion hedge fund industry. Hundreds of potential customers including fund of funds, endowments and pension funds are here to take part in Goldman's 5th Annual Hedge Fund Symposium, where tech and Japan are hot topics, according to a source.

The all-day event is taking place inside the stadium, a good thing on this chilly Tuesday. The symposium is akin to speed dating. Groups of up to ten potential investors listen to a hedge fund's presentation before moving onto the next one. The presentations last 40 to 45 minutes, and according to a source inside the conference, take place in 51 of the boxes surrounding the playing field.

Steven A. Cohen
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Steven A. Cohen

Among the firms presenting are some of the industry's best known names, including SAC Capital, PEAK6, Discovery Capital Management, JANA Partners, Highbridge Capital Management, Passport Capital and Knighthead Capital.

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According to one attendee who asked not to be identified, Japan is being touted as a good play by some hedge funds over the 12 to 18 months as additional stimulus kicks in.

Tech is being talked about as a momentum play, the source said, referred to by some as the new darling of Wall Street. Managers pointed to the jump in shares of Netflix as an example of momentum carrrying a stock.

As for one of tech's biggest names whose momentum's been to the downside, some managers are defending Apple. The source said despite the steep drop in the firm's shares, some hedge funds are saying its still the same company it was a year ago.

—By CNBC's Mary Thompson; Follow her on Twitter: @MThompsonCNBC