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16

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

By Tony Seruga

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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