Investing

Hedge Funds That Planned for Election Chaos See a Blue Wave

UBS O’Connor favors industrials in a ‘more benign scenario’
Industry tends to flourish after U.S. vote, PivotalPath finds

Several top funds see former Vice President Joe Biden winning the presidency as well as the possibility of a so-called blue wave. — Several top funds see former Vice President Joe Biden winning the presidency as well as the possibility of a so-called blue wave.
Photographer: Joe Raedle/Getty Images

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By Hema Parmar, Katia Porzecanski, and Annie Massa

October 28, 2020 at 6:00 AM EDT

Updated on

October 28, 2020 at 10:19 AM EDT

This article is for subscribers only.

For hedge fund managers, preparations for chaos in the U.S. elections are giving way to strategies to capitalize on a sweeping Democratic victory.

Just six days away from final voting, several top funds see former Vice President Joe Biden winning the presidency as well as the possibility of a so-called blue wave in which Republicans also lose control of the Senate.