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In the week ending 11 November, 2016, an update in the U.S. Election, Wall Street and some hedge funds were caught without a plan under a Trump presidency scenario; the financial markets rocked as it emerged that Donald Trump defeated Hillary Clinton after a brief fall. Bridgewater Associates actually predicted a market crash should Donald Trump wins the U.S. elections. Malabar Capital predicted a Trump victory and made the correct bets; David Einhorn opted against shifting his portfolio to prepare for market volatility tied to the results of U.S. elections. Some hedge funds are running to the bank to cash in after Trump won the U.S. presidency; Carl Icahn and John Paulson reaped the biggest profits the day Trump was officially declared the winner, however Jim Cramer said that a gigantic number of hedge funds who were on the wrong side of the trade had to reverse their stance on Trump’s win. Morgan Stanley said hedge funds exited short exchange-traded positions on Tuesday, though kept overall exchange-traded fund short positions near a 12-month high; and CNBC noted that hedge fund’s playbook for Trump is to bet on rising rates, buy banks and biotech stocks. Jeffrey Gundlach said that Donald Trump has "massively outperformed" expectations during the presidential election campaign; Chelsea Clinton’s husband is being accused of using the Clinton family and their charitable foundation to raise money for his hedge fund; Daniel Loeb increased his hedges and lowered his market exposure ahead of the presidential election.Russia-focused hedge fund Russian Prosperity Fund is expected to benefit from the Trump market rally; Trump’s offer to Jamie Dimon to become his Treasury Secretary is expected to be declin...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, November 12, 2016
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