Published on 18 Oct 2024 on Benzinga
Hedge Fund Billionaire Daniel Loeb Bets On Trump Win, Singles Out This Recent...
Another billionaire investor is rooting for Republican presidential candidate Donald Trump’s victory in the Nov. 5 election and has accordingly positioned his portfolio. The call comes on the heels of former hedge fund manager Stanley Druckenmiller‘s similar prediction.
What’s In Store In Political Arena: “We believe that the likelihood of a Republican victory in the White House has increased, which would have a positive impact on certain sectors and the market overall,” said hedge fund Third Point founder and CEO Daniel Loeb said in the firm’s third-quarter investor letter.