Fairfax cuts equity hedging, sees U.S. rally after Trump win: Reuters
Fairfax Financial Holdings Ltd, a Canadian firm headed by high-profile investor Prem Watsa, said it planned to significantly reduce its defensive equity hedges due to Donald Trump winning the U.S. presidential election, Reuters reported. "We believe the U.S. election may result in fundamental changes that may bolster economic growth and business development," Watsa, Fairfax's chairman and CEO, said in a statement. The firm said it had cut its equity hedging to 50 percent of its total equity holdings from 113 percent at the end of September.
11 November 2016•2 mins read
