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Investors Aren't Ready to Dump Their Trump-Upset Hedges

  • FBI-Clinton absolution no ‘game changer’: Millennium’s Benson
  • Old Mutual Global Investors clings to investment protection
Bloomberg business news

Markets Revel in Prospect of Epic Political Gridlock

Some of the biggest investors are holding tight to their hedges against market swings should Donald Trump be elected U.S. president, even after the Federal Bureau of Investigation absolved Hillary Clinton a second time of committing a crime.

Millennium Global Investments Ltd. is sticking to its view that the Republican candidate still has a 35 percent chance of winning the vote Tuesday. Old Mutual Global Investors says it’s keeping its protection as prospects of a surprise victory by the political novice can’t be ruled out. Janus Capital International echoes that view. Together they manage more than $500 billion.