Gondor Capital manager thinks Trump will be good for U.S. economy

Gondor Capital Management, a New York-based hedge fund manager, has had a good year in 2016. Portfolio manager Vincent Au said that the firm's two hedge funds were both up: The domestic Gondor Partners LP posted a strong 26.53% in 2016 while the offshore fund Gondor Funds LTD was up 26.85%.

"I have been consistent in employing the same strategy for both funds," Au told Opalesque. "I invest in U.S. listed equities with an options overlay. There wasn't any one [particular] area I focused on."Since inception in July 2013, the Gondor Partners LP and the Gondor Funds LTD generated 64.25% and 37.52% respectively.

Trump administration positive for U.S. economy

While Au does not want to make bold predictions for his fund this year, he said that he believes that the incoming Donald Trump administration would be very positive for the United States economy.

He added, "I believe nominating successful business people who have a proven track record of creating jobs and positive net worth for their shareholders and employees a very positive event. If President-elect Trump can also pass corporate and individual tax reform as well as eliminate regulations that add nothing but create paperwork, these are also very positive items the financial markets can respond to."

Looking ahead, Au expressed confidence that his hedge funds can compete with mega funds and even outperform them. He said this could be achieved if he works very hard.No line space here (Full article by K. Manalo here.)

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.