Poll: Obama Better For Markets Than Romney

Nov 1 2012 | 12:44pm ET

Despite their apparent preferences at the ballot box, more hedge fund managers think that a victory for Mitt Romney in the U.S. presidential elections on Tuesday would be worse for the markets than the re-election of President Barack Obama.

Much has been made of the hedge fund industry's turn right; Obama took in huge campaign contributions from hedge fund employees four years ago and enjoyed broad-based support within the industry. But his financial regulation reform made it hard to keep friends there, and most hedge fund managers have joined the majority of their Wall Street colleagues in backing Romney, a former private equity executive, and savaging Obama.

So it comes as something of a surprise that, according to an online poll by Hedge Funds Review magazine, hedge fund managers don't expect a new dawn under Romney. Some 29% of respondents think that Romney will be bad for global markets, against 25% who say he'll be good for them. By contrast, Obama is rated by 27% to be good for global markets and by only 12% to be bad for them.

In addition, 43% say that Obama's re-election will have no impact on markets, while only 24% say the same about Romney. And while 6% say that Romney will be good for U.S. markets only, against just 2% for Obama, the same number, 16%, predict that each man will be bad for U.S. markets.

Obama is currently a narrow favorite, according to most national polls. The campaigns resumed yesterday and today after a suspension due to Hurricane Sandy.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR