Nov
16

Hedge Fund With $2 Billion Sets Bets on ‘Crazy’ in a Trump World

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  • Sector now betting on U.S. banks, boosting energy stocks
  • Avoiding stocks in consumer staples and discretionary

Buying the losers of the past decade could pay off in a world where Donald Trump is in charge of the world’s biggest economy.

Norwegian hedge fund firm Sector Asset Management, which manages about $1.7 billion, is turning its portfolios around to bet on bank, energy and materials stocks that may thrive as fiscal stimulus is about to be unleashed after years of global austerity.

U.S. President-elect Donald Trump has signaled massive fiscal stimulus, including tax cuts and infrastructure spending, causing bond yields to soar as investors factor in accelerating inflation…

Hedge Fund With $2 Billion Sets Bets on ‘Crazy’ in a Trump World

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