49.01 F
London
November 7, 2024
PI Global Investments
Hedge Funds

Citadel CEO Ken Griffin predicts Trump will win presidential election


Hedge fund billionaire Ken Griffin revealed he expects former President Donald Trump to recapture the White House next week on Election Day.

The Citadel CEO called the race between Trump and Vice President Kamala Harris “almost a coin toss” during a panel at the Saudi Arabia Future Investment summit this week, according to Bloomberg.

But he thinks Trump is favored to win.

“The expectation today is that Donald Trump will win the White House in just a few days, we’ll know shortly,” Griffin reportedly said, noting. “We are at this moment of peak uncertainty.”

While Griffin has funneled millions to GOP candidates, he has not donated directly to Trump’s campaign, Forbes reported.

Citadel founder and CEO Ken Griffin speaks at the Milken Institute Global Conference in Beverly Hills, California on May 2, 2022. AFP via Getty Images

Polling indicates Trump and Harris are essentially neck and neck with Election Day less than a week away.

Griffin also reportedly said during the forum the end of the presidential race will bring some clarity to markets.

Former President Donald Trump speaks during a campaign rally at Rocky Mount Event Center on Oct. 30, 2024. AP
Vice President Kamala Harris speaks during a campaign event on The Ellipse in Washington DC on Oct. 29, 2024. AFP via Getty Images

“Big picture, the reduction in uncertainty is almost always positive for asset prices,” he said.

“I would say that post-election will generally see a risk on environment as people come to adopt a new regime whether it’s a Harris regime or a Trump regime,” he continued. “This uncertainty will be behind us.”



Source link

Related posts

Citadel Leads Hedge Funds in AI Integration Amid Talent Wars and Cultural Challenges

D.William

Ackman and Einhorn: Return of the Hedge Fund Kings

D.William

Ex-York Capital Co-CIO Aurand’s Hedge Fund to Return Cash

D.William

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.