Top hedge fund manager David Neuhauser says the world is in a “boom renaissance” and that investors should bet big on certain sectors that touch the issue. The world is aging rapidly and sectors such as tourism, healthcare and biotechnology will benefit from it, according to Neuhauser, founder and chief investment officer of Livermore Partners. Investors should focus on areas that are “tailored to wealthy boomers” who want to spend on their lifestyles and improving their health and well-being, he said, adding that examples include weight-loss medications and travel and cruises. “They are the demographic that owns the most assets (homes, stocks, bonds, etc.) with low fixed-rate mortgages,” Neuhauser said. “A lot of those people also have cash and money in money market accounts, so they also have a good income stream and that helps support their lifestyle,” he told CNBC's “Street Signs Asia” last week. Big Pharma in particular has “a lot of cash thanks to these aging boomers,” Neuhauser said. He said big pharmaceutical companies could now acquire biotech companies if strong early results are produced, rather than waiting for late-stage trials to be completed. This, he said, could result in more acquisitions. He told CNBC Pro: “I think the world is now in this rebirth of the boom and there are some stocks that are seeing big moves.” He added that the stocks “are not mega tech, which shows other areas tied to wealth.” [effect] “Below are the stocks he named and the Buy ratings and average upside given by the analysts covering them, according to FactSet.
