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Clintons tax writedown6/10/2023 Where hedge fund executives have dominated the pool of donors throughout the election cycle (including the primaries), hedge funds are also playing a larger role than usual in the U.S. At a firm like Renaissance, where computers do the actual trading, personal opinions are not in conflict with the nature of the work. The firm is not alone in its seeming bipartisanship: other hedge funds, such as Paloma & Partners and Paul Singer’s Elliott Management, per the report, exemplify similar trends. However, partisan affiliation remains, irrespective of market movement projections and differing assessments of whether financial markets are reactive or proactive with regards to political events.įor example, the $30 billion investment management firm Renaissance Technologies, as CNBC reports, may be the closest to exemplifying, in hedge fund-speak, “market neutrality”: Renaissance’s co-chief executive Robert Mercer has personally donated $19 million to Donald Trump and other (contradiction notwithstanding) conservative causes in this election cycle, while the company’s chairman James Simons together with director Henry Laufer have donated $14 million to Hillary Clinton and assorted liberal causes. Presidential Election is widely regarded, as opposed to more traditional measures of policy agreement or investment prerogatives, may be one pointer towards understanding the behaviour of hedge fund executives in this election. The distaste with which the choice in the 2016 U.S. “Not saying which one is which, you can make your decision on that. “You have one person with questionable judgment and the other person may be demented, narcissistic and a scumbag,” says Appaloosa Management’s David Tepper, the CEO of the $19 billion hedge fund based in Miami. hedge fund managers are still faced with a set of conflicting imperatives for how they hedge their bets. Stockholm (HedgeNordic) – A week out from the 2016 election, U.S.
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