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Komfie Manalo, Opalesque Asia: As the world recovers from the initial shock of a Donald Trump victory in Tuesday’s U.S. presidential election, some hedge funds are running to the bank to cash in. Reports said some hedge funds are expecting a windfall return, much bigger than what they made from Brexit, resulting from Trump’s triumph.
Nancy Davis, founder of macro hedge fund Quadratic Capital told Business Insider, "It's a surprising outcome, but I suspect that our [profit and loss] will be even better than 'Brexit day after.’ We do well with any sort of unexpected move. We did very well following the Brexit vote, and we did so today following the U.S. election."
Davis explained that Quadratic strategy "perform well during times of uncertainty," as it does not place binary bets on outcomes.
Other hedge funds are expecting to generate better returns even if they admit that the outcome of the recent elections will have a profound political and economic implications.
Josh Packwood of New York-based Lucus Advisors, "I expect to make money today – though it will be one of the most bittersweet up days in my memory."
Investors too are looking for opportunities from Trump’s victory that caught almost everybody by surprise.
Valerie Malter, CEO of Matarin Capital Management, added, "The truth i...................... To view our full article Click here
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