Ahead of Election Day: Mutual Funds Brace For A Close Election; Hedge Funds Pile Into Gold

New York (Nov 7)  Election fears have hedge funds seeking safety in gold as opinion polls predict a tightening race between Democrat Hillary Clinton and Republican Donald Trump. — Bloomberg

Daniel Loeb, the billionaire head of activist hedge fund Third Point LLC, is increasing his hedges and lowering his overall market exposure ahead of Tuesday’s presidential election. — Forbes

U.S. mutual fund managers brace for close presidential election. — Reuters

Investors bet against Mexico in case of a Trump victory. Short positions in the iShares MSCI Mexico Capped ETF (EWW) have grown from $364 million in January to $745 million as of Nov. 2. – Barron’s Focus on Funds

Election-inspired stock market volatility is overblown. — MarketWatch

SOURCE: BARRON'S