Block Likes Snowline, Gotham Shorts Iron Mountain: Sohn London

Muddy Waters Capital’s Carson Block has taken a rare long position on Snowline Gold Corp., driving double-digit share price gains in the mining firm, while Gotham City Research has shorted Iron Mountain Inc. as it sees 80% downside in the company’s stock.

These were among the market-moving trade ideas revealed by fund managers at the Sohn London Investment Conference on Wednesday. Here’s a roundup of some of the bets, coming at a time when the hedge fund industry’s assets have swelled to a record $5 trillion globally.