Jesse Cohn of Elliott Investment Managementdefended the firm's active investing during Axios' BFD event on Tuesday, arguing it pushes companies to perform better.
Why it matters: Cohn argued that passive investors hold a controlling interest in too many American companies, which leaves company management with little accountability.
Recent gambling scandals in pro sports leagues are "one-offs," and don't undermine the positives of sports betting, Gerry Cardinale, founder and managing partner of RedBird Capital Partners, said at the Axios BFD Summit on Tuesday.
