(Reuters) Hedge fund managers were largely united in their dislike for Donald Trump before the election. Now they are optimistic that he can use his pro-growth policies to improve the economy – and their portfolios.
“Investors … were over-weighing the negatives of his unpredictability as a potential President and they were under-valuing how positive from a policy perspective him with a Republican Congress would be for the markets,” said Jason Karp who runs $3.8 billion Tourbillon Capital Partners. “It’s unequivocally positive for business.”