While some stock analysts around the world were assuming the worst on the evening of November 8, fund managers Luis Bononato and Carl Icahn had similar thoughts. Going against consensus, both believed the election of Donald Trump would be a market positive. The analysis paid off for Bonoanato, head of the Global Allocation Fund, who now is looking at Italian and European banks with an eye for a bargain amid an uncertain European electoral future. Icahn and Bononato like to buy on a drawdown Perhaps one of the more memorable hedge fund trading stories to come out of the surprise…
After Successful Trump Trade, Global Allocation Fund Eyes Italian Banks
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.