No matter what the outcome of the November elections is, hedge fund managers agree they need a bigger presence in the nation's capital.
Political risk was a consistent theme throughout this week's Value Investing Congress, a confab for money managers whose investing gurus include Warren Buffett and Benjamin Graham. Nearly half of the panelists addressed the midterm elections directly, and the ballroom at the Marriott Marquis in New York City buzzed with talk of whether a Republican win in November would actually change the landscape for investors.
"Several hedge fund managers and investors have recently started visiting Washington on a regular basis in order to better assess the political situation there," said Ori Eyal, founder of Emerging Value Capital Management, a value investing firm that looks for opportunities worldwide. "In the past, such political analysis was usually reserved for the emerging markets, which were viewed as far more politically risky than the USA." More
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