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Several prominent hedge fund managers have come out swinging at Donald Trump. On Thursday Elliott Management Corp.'s Paul Singer warned that the presumptive Republican nominee for president would cause a global economic disaster if he took office. "The most impactful of the economic policies that I recall him coming out for are these anti-trade policies," Singer reportedly said while sitting on a panel at the Aspen Ideas Festival in Colorado. "And I think if he actually stuck to those policies and gets elected president, it's close to a guarantee of a global depression, widespread global depression."
Trump has threatened a trade war and levying tariffs on goods imported from China, Mexico and other countries. Singer, who earlier supported Marco Rubio, has given $1 million to Our Principles PAC, which has been trying to prevent Trump from becoming president. The New York-based hedge fund manager also said he does not plan to support presumptive Democratic nominee Hillary Clinton.
Meanwhile, Renaissance Technologies' James Simons told CNBC on Thursday that Trump is "not a good investment" if you compare him to Clinton using the Sharpe ratio.
"Now even if those two candidates had the same expected return -- which I doubt -- but even if Trump's was as good as Hillary's,...