The second annual Sohn Montreal Investment Conference, presented by Converium Capital and Richter in association with National Bank of Canada, took place at the Four Seasons Hotel Montreal on June 4, 2026, bringing together leading global investors for a day of high-conviction stock pitches, fireside chats, and macro debate. All proceeds from the 2026 Sohn Montreal conferencel benefit two leading pediatric research hospitals, the Montreal Children’s Hospital and Sainte-Justine Hospital.
How last year’s Sohn Montreal pitches have done
The inaugural 2025 Sohn Montreal Conference produced some enormous winners. SK Hynix, pitched by Atreides’ Gavin Baker, was the standout. Baker made the case for the dominant high-bandwidth-memory supplier at just three times earnings, and the stock has since risen nearly tenfold, up about 900%, as the AI memory supercycle carried it from around 203,000 won to over 2,000,000 won.
Revolution Medicines, pitched by Wellington’s Wen Shi, a pancreatic-cancer leader, has more than tripled, up over 300% since the pitch.
Kyoto Financial Group, pitched by Converium’s Aaron Stern, an unloved Japanese regional bank, has nearly doubled, up about 96%.
See our full coverage of the 2025 Sohn Montreal Conference, including the 126-page report, and the original write-ups on SK Hynix, Revolution Medicines, and Kyoto Financial Group.
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The complete 80-page conference PDF — every pitch with detailed write-ups, price charts on every single-name idea, an editor’s note, a Pitches-at-a-Glance summary table, and disclosures — is available to paid Hedge Fund Alpha subscribers.
What the Managers Pitched at the 2026 Sohn Montreal Conference
Some of the sharpest investors in North America and beyond took the stage at the Four Seasons Hotel Montreal on June 4, 2026 to share their highest-conviction ideas. Here is a fuller teaser of what each manager pitched: the thesis, the setup, and the numbers, minus the ticker. We will link each full write-up here as it goes live.
Best Idea Pitches
- Michelle Ross, StemPoint Capital: a long on a European clinical-stage biotech the market had just punished by about 40%, whose lead drug she argued carries a rare “pipeline in a product” profile, one molecule with several possible indications and a long patent runway. Ross pitched it as a way to own genuine drug innovation ahead of the pharma patent cliff, with takeover interest a live catalyst. Read our full write-up.
- Ravi Bhat, Polar Asset Management: a contrarian case for going back into SPACs, the structure left for dead after the 2021 mania. Polar has traded these vehicles since 2012, and Bhat argued the format itself is sound, with the downside cushioned by trust cash and the upside badly mispriced after the washout. Read our full write-up.
- Brad Dunkley, Waratah Capital Advisors: a long on a Canadian gold miner ramping one of the country’s largest new mines in British Columbia from roughly 275,000 toward 500,000 ounces a year, set against relentless central-bank buying. Dunkley argued governments have little choice but to inflate their way out of the debt problem, and pointed to a free-cash-flow yield approaching 30% by 2029, deep insider ownership, and a price near half of net asset value. Read our full write-up.
- Christopher Taylor, Third Point: the firm’s head of private credit made the case for the integrated business model in private credit, arguing the platforms that control origination, balance sheet, and distribution together will keep the economics as the asset class consolidates. Read our full write-up.
- Charles Haggar, Bastion Asset Management: a long on the unglamorous company that supplies the frac sand behind Canadian gas drilling, pitched as the cleanest way to own the country’s coming wave of LNG exports. As LNG Canada and two more projects ramp, Haggar sees revenue rising about 50% and EBITDA nearing $200 million, a path to roughly $80 a share against about $15 today, with a takeout a real possibility. Read our full write-up.
- Aaron Stern, Converium Capital: the Montreal host went hunting in the wreckage of a battered American office-technology icon, where he argued a basket of its bonds and equity can return close to 100% with heavy downside protection. The secured bonds yield 14% to 26% while roughly 80% of the debt is covered by assets, so you are paid to wait. “We make money by taking the noise out of a situation,” he said. Read our full write-up.
- Jeffrey Tory, Pembroke Management: first a broad case for Canadian small-caps, with 61 take-privates since late 2023 at average premiums of 38% to 44%, then a founder-run workforce-housing company whose remote-camp beds run near 50% occupancy today and, in his words, “make a fortune” at 85% to 90% as the resource and LNG build-out fills them, with a fast-growing travel-technology platform thrown in for free. Read our full write-up.
- Paul Britton, Capstone: the volatility specialist argued the artificial-intelligence build-out will be anything but a straight line, a capex-fueled first phase giving way to an adoption phase that displaces millions of jobs and strains governments. His trade is dispersion, owning the widening gap between AI’s winners and losers, built for a market he expects to grow far more turbulent over the next three to five years. Read our full write-up.
- Yacov Arnopolin, PIMCO: a frontier-market carry trade in Nigeria, where short-dated local debt yields around 20% against a policy rate near 26% and inflation that has roughly halved. Arnopolin argued the market is still pricing the old Nigeria and missing a credible reform turn: a freed currency, scrapped fuel subsidies, a giant new refinery, a budget back in surplus, and falling public debt. Read our full write-up.
- Seth Fischer, Oasis Management: the activist closed the best-idea sessions with a slate of seven Japanese companies where, he argued, entrenched and underperforming management is the only thing standing between the shares and a re-rating. The targets run from a video-game and anime owner where Oasis is voting against the chief executive to an over-capitalized electronics giant, a steelmaker, a healthcare recruiter, and three telecom contractors, with several upside cases he put well above 100%. Read our full write-up.
Fireside Chats and Panels
- Alex Sacerdote, Whale Rock Capital, with Mario Therrien, La Caisse: investing across the AI stack, where Sacerdote argued the build-out is still early, the infrastructure and chip layers remain attractive, and the enterprise opportunity is the real prize. Read our full write-up.
- Sander Gerber, Hudson Bay Capital, with Mario Therrien, La Caisse: a “Risk, Intelligence and Capital” conversation spanning the origins of his career, geopolitics, the Gerber Statistic he is known for, and how a 22 billion dollar multi-strategy firm is putting artificial intelligence to work. Read our full write-up.
- General Chris Cavoli, Valor Equity Partners, with Anik Lanthier, Richter: the former NATO Supreme Allied Commander on Ukraine, the health of the alliance, and why defense and defense technology now need private capital to cross the “valley of death” between a prototype and a program of record. Read our full write-up.
- Powering Our Future: a panel on the capital flooding into energy and infrastructure to feed the AI era, with the heads of infrastructure investing at PSP Investments, KKR, Blackstone, and La Caisse. Read our write-up.
- Regimes and Change: a macro discussion on a shifting global order, with Sagard Wealth’s Stephen Harvey, Bridgewater’s Karen Karniol-Tambour, and Gavekal’s Louis-Vincent Gave. Read our full write-up.
Our coverage of the 2026 Sohn Montreal pitches
- 2026 Sohn Montreal: Converium’s Aaron Stern Makes the Case for a Hated Printing Icon’s Distressed Bonds
- 2026 Sohn Montreal: Oasis Management’s Seth Fischer Lines Up Seven Japanese Activist Targets Ahead of Proxy Season
- 2026 Sohn Montreal: Whale Rock’s Alex Sacerdote on Investing Across the AI Stack
- 2026 Sohn Montreal: Waratah’s Brad Dunkley Says Governments Will Inflate, and He Has the Gold Stock for It
- 2026 Sohn Montreal: StemPoint’s Michelle Ross – Biotech The Market Punished Could Triple
- 2026 Sohn Montreal: Capstone’s Paul Britton Says AI Build-Out Will Not Be Straight Line; How To Profit From The Volatility
- 2026 Sohn Montreal: Third Point’s Christopher Taylor on Why Single-Lane Private Credit Is About to Get Squeezed
- 2026 Sohn Montreal: Forget Japan, PIMCO’s Yacov Arnopolin Pitches a Frontier Carry Trade In Central Africa
- 2026 Sohn Montreal: NATO’s Former Top Commander on Why Defense Now Needs Private Capital
- 2026 Sohn Montreal: Bridgewater’s Karen Karniol-Tambour and Gavekal’s Louis-Vincent Gave on a World Order That Just Broke
- 2026 Sohn Montreal: Bastion’s Charles Haggar on the Cheapest Way to Own Canada’s LNG Boom And Why It Could 5x
- 2026 Sohn Montreal: Hudson Bay’s Sander Gerber on risk and AI, and the investors powering the AI era
- 2026 Sohn Montreal: Pembroke’s Jeffrey Tory Makes the Case for Canadian Small Caps and the Beds a Resource Boom Will Fill
- 2026 Sohn Montreal: Polar’s Ravi Bhat Bets on the Structure Wall Street Left for Dead After 2021
- 2026 Sohn Montreal: PSP, KKR, Blackstone and La Caisse on Powering the AI Era
Also See
- 2025 Sohn Montreal Conference: Stock Pitches From Greenlight, Converium, Oasis, Avenue & More [126 Pg PDF Report]
- 2026 Sohn New York Conference: Full Coverage of Einhorn, Bravo, Goodwin, Chanos Pitches
- 2026 Sohn Monaco Conference – Sandstone, Janus Henderson, Banor And More
“After a successful 2025 conference, we are encouraged by the strong enthusiasm for our second annual event. We look forward to welcoming new speakers and raising even more money for local pediatric hospitals in 2026,” said Aaron Stern, Managing Partner and Chief Investment Officer at Converium Capital. “We continue to build an innovative international conference under the Sohn banner and are excited about the impressive caliber of speakers and panelists we have been able to attract, convening in Montreal to share their experiences and perspectives on the global investment landscape,” added Anik Lanthier, Partner and Chief Investment Officer of Richter.
2026 Sohn Montreal Conference Speakers
- Amber Kanwar, EVENT HOST / EMCEE
- Andrew Alley, Managing Director and Global Head of Infrastructure Investments, PSP Investments
- Yacov Arnopolin, Portfolio Manager, Emerging Markets, PIMCO
- Paul Britton, OBE, Founder and Chief Executive Officer, Capstone
- Patrick Charbonneau, Senior Vice President and Chief Investment Officer, PSP Investments
- Brad Dunkley, Co-Founder, Chief Investment Officer & Chief Risk Officer, Waratah Capital Advisors
- Seth Fischer, Founder & CIO, Oasis Management (see his 2026 Sohn Hong Kong pitch)
- Brandon Freiman, Partner, Head of North American Infrastructure, KKR
- Louis-Vincent Gave, Founding Partner and Chief Executive Officer, Gavekal
- Sander R. Gerber, Managing Partner, Chief Executive Officer & Chief Investment Officer, Hudson Bay Capital (see his 2025 Forbes Iconoclast talk)
- Chris Cavoli, Partner, Valor Equity Partners
- Charles Haggar, Founding Partner & CIO, Bastion Asset Management
- Stephen Harvey, Chief Investment Officer, Sagard Wealth
- Robert Horn, Global Head of Infrastructure & Asset-Based Credit, Blackstone
- Karen Karniol-Tambour, Co-Chief Investment Officer, Bridgewater Associates (see her Robin Hood 2024 talk on China)
- Anik Lanthier, Partner, Chief Investment Officer, Portfolio Manager, Richter Family Office
- Olivier Renault, Managing Director, Infrastructure and Sustainable Development, North America, La Caisse
- Michelle Ross, Chief Investment Officer and Managing Partner, StemPoint Capital LP
- Ravi Bhat, Portfolio Manager, Equity Arbitrage, Polar Asset Management Partners
- Alex Sacerdote, Founder, CEO & Portfolio Manager, Whale Rock Capital Management (see his TTMI pitch at Sohn NY 2026)
- Aaron Stern, Managing Partner & Chief Investment Officer, Converium Capital (see his 2026 Sohn Hong Kong pitch)
- Christopher Taylor, Head of Private Credit, Third Point LLC
- Mario Therrien, Head of Investment Funds and External Management, Public Markets, La Caisse
- Jeffrey Tory, Chair, Partner, Director, Portfolio Manager, Pembroke Management
The 2026 Sohn Montreal Investment Conference would not be possible without the generous support of the following sponsors and partners:
Sponsors and Partners
- Converium Capital; Richter; National Bank of Canada (Platinum Sponsors)
- Polar Asset Management, TD Securities (Gold Sponsors)
- Bastion Asset Management; GRI Capital; Marex; Sagard Holdings (Silver Sponsors)
- La Caisse; Pembroke Management; Scotiabank; RBC, The Perry Shak Group; Mavrik; Fasken; RPIA; Waratah Capital; Hudson Bay Capital (Bronze Sponsors)
- CIBC; Innocap (Other Sponsors)
2026 Host Committee
- Aaron Stern, Managing Partner and Chief Investment Officer, Converium Capital
- Anik Lanthier, Partner and Chief Investment Officer, Richter
- François Rivard, President and Chief Executive Officer, Innocap
- Jean-Philippe Cousineau, Managing Director and Global Head of Institutional Equity Sales and Trading, National Bank Financial
- Mario Therrien, Head of Investment Funds and External Management, La Caisse
- Patrick Charbonneau, Senior Vice President and Chief Investment Officer, PSP
- Stephen Harvey, Chief Investment Officer, Sagard Wealth
The Sohn Montreal Investment Conference, to be held at the Four Seasons Hotel Montreal, is part of an international group of Sohn Conferences, first organized in New York in 1995 to honour the memory of Ira Sohn, a talented Wall Street professional who passed away at the age of 29 from cancer. For more information on the Sohn Montreal Investment Conference, including sponsorship, scheduled speakers, and ticket information, please visit sohnmontreal.org or contact [email protected].
About the Sohn Conference Foundation
The Sohn Conference Foundation brings together the most successful investors from across the United States and around the world, to connect and learn through our conferences, all of which support children’s health programs and life outcomes. Sohn New York has served as the anchor conference and inspiration for Sohn Conferences around the world, including in San Francisco, London, Hong Kong, Monaco and Sydney. The Sohn Conference Foundation honors the memory of Ira Sohn. Ira’s friends and family founded The Sohn Conference Foundation in New York City in 1995. Since then, investment leaders from across the globe have been inspired to launch partner Sohn conferences and unite the financial community to support a number of charitable causes. To date, the Sohn Conference series has raised more than $150 million. To learn more about the Sohn Conference Foundation, please visit: www.sohnconference.org.
