In dead-heat US polls, hedge funds hunt for trades

November 2, 2024

As the nearly deadlocked race nears, some are looking for so-called “asymmetric trades” involving bitcoin or the yuan, assets which could yield big profits if Trump wins but would not cause big losses if the wagers are wrong. “Trading the election is difficult given how tight it is,” said Edoardo Rulli, head of UBS Hedge Fund Solutions.

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