Reported about 1 month ago
Billionaire hedge fund manager Daniel Loeb has modified his investment strategy ahead of the U.S. election on November 5, predicting Republican victories that could stimulate corporate activity and boost the financial markets. In a letter to investors of his hedge fund Third Point, Loeb expressed confidence that a Republican win, particularly under Donald Trump, would be favorable for certain sectors. His firm has increased stock and option positions that could benefit from this outcome, while moving away from companies likely to be adversely affected.
Source: YAHOO