In the Margins

Funds prep for possible election upset

November 7, 2016

By Reuters

With the presidential election looking like less of a certainty for Democratic nominee Hillary Clinton than it did a month ago, mutual fund managers are bracing for more volatility by raising cash and getting their buying lists ready for opportunities. "The market has been pricing in a Hillary victory, and now with the introduction of the Comey letter, there's a stronger possibility that the base case doesn't happen," said Phil Orlando, portfolio manager of the New York-based Federated Global Allocation Fund. Read the original story from Reuters.