Loeb Says U.S. Elections Are Unlike Brexit Despite Populist Vote

Hedge fund manager Dan Loeb said that the decision by U.K. voters to leave the European Union, a move that roiled global markets, shouldn’t be treated as as sign that “populist backlash” will prevail in the U.S. presidential race.

“We have some very unusual personalities involved in this election. I think they’re giving people some concern,” Loeb said Friday in a conference call discussing results at Third Point Reinsurance Ltd., the Bermuda-based company that counts on him to oversee investments. “I’m not going to predict the outcome, but we’re obviously watching the polling very closely. And I think that the election is important, but I think the polling would suggest that we would be in reasonable shape in this election.”

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