Billionaire investor and hedge fund manager Loeb adjusted his portfolio to seize a possible boom in corporate activity after the November 5 US election. He expects the Republican Party to win the general election. Loeb believes that Republican presidential candidate Trump is more likely to win the election, and that the Republican Party's policies may help boost financial markets. Loeb wrote to investors in his hedge fund Third Point on Thursday: “The possibility that the Republican Party will enter the White House is increasing, which will have a positive impact on certain industries and the overall market.” The letter said Third Point had purchased shares and options and increased positions “that could benefit from this situation” while also “shifting the portfolio from companies that would not benefit”. He didn't elaborate on what deals the company carried out. Loeb expects that even if Trump loses the election, the Republican Party will hold a majority of seats in the US Senate. He expects this to limit the “negative economic impact” brought about by the Democratic Party's “Blue Sweep.”

Billionaire investor and hedge fund manager Loeb adjusted his portfolio to seize a possible boom in corporate activity after the November 5 US election. He expects the Republican Party to win the general election. Loeb believes that Republican presidential candidate Trump is more likely to win the election, and that the Republican Party's policies may help boost financial markets. Loeb wrote to investors in his hedge fund Third Point on Thursday: “The possibility that the Republican Party will enter the White House is increasing, which will have a positive impact on certain industries and the overall market.” The letter said Third Point had purchased shares and options and increased positions “that could benefit from this situation” while also “shifting the portfolio from companies that would not benefit”. He didn't elaborate on what deals the company carried out. Loeb expects that even if Trump loses the election, the Republican Party will hold a majority of seats in the US Senate. He expects this to limit the “negative economic impact” brought about by the Democratic Party's “Blue Sweep.”