A top exec at a $1.8 billion hedge fund asked his followers for their favorite

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  • With Election Day just one week away, some of Wall Street’s top investors are sharing their blue-wave plays for all to see.
  • Joseph Mauro, the head of markets at the hedge fund Light Sky Macro, asked his Twitter followers what their first trade would be if Florida were called early and pointed to an “overwhelming” Democratic sweep.
  • Here’s how Mauro’s followers, from former hedge-fund giants to finance-Twitter fans, replied.
  • Visit Business Insider’s homepage for more stories.

Wall Street is finalizing its election-night bets. Some are sharing their insights in client-exclusive analyst notes and strategy calls.

Others are sounding off in a Twitter thread.

Joseph Mauro, the head of markets at the hedge fund Light Sky Macro, asked his 5,353 followers on Sunday what their first postelection trade would be if Florida were called early and pointed to “the most overwhelming blue wave in the history of American politics.”
The hypothetical is far from unlikely. Recent polls have found former Vice President Joe Biden with a healthy lead and have suggested that Democrats could take control of the Senate. An early reading from Florida is also within the realm of possibility, as the swing state is among those where mail-in ballots can be counted ahead of Election Day.

Here’s how Mauro’s followers, from Wall Street titans to finance-Twitter loyalists, said they planned to invest should Florida’s results point to a Democratic sweep.

Light Sky Macro managed $1.8 billion in assets as of December 31, according to a regulatory filing.

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The professionals

“Fade the consensus Blue Wave trades. i.e. buy bonds and buy dollars.” — Raoul Pal, the founder and CEO of Real Vision Group and Global Macro Investor
“Long MXN.” — Paul McNamara, the investment director at GAM Investments, referring to the Mexican peso

“Sell Bonds.” — Mike Novogratz, a former hedge-fund manager and CEO of Galaxy Investment Partners

“Contrarian opinion- don’t do anything- just stay calm. There will be a lot of vol anyway. Pickup when the dust settles.” — Kunal Shah, a former Goldman Sachs analyst

The less-than-professionals

“Buy nasdaq fade macro portfolios.” — @gpcap2

“Non-contrarian: MXN. Contrarian: short longer-dates breakevens and receive fwd inflation swaps. Stay away: gold, steepeners.” — @policyerror

“Sell risk parity + don’t sell the USD.” — @McTeaguePeter

“Long CA and NY munis.” — @SobchakCapital
Read more: ‘I’m basically going to be long growth’: Billionaire investor Chamath Palihapitiya has hauled in a 997% return since 2011. He details the 5 sectors shaping his long-term investment playbook.

The comedians

“Fading whatever is most-liked in your comments.” — @FunkPhlex

“Tissue companies, they gonna make a killing.” — @Lord_Ashdrake

“Invest in a good…



Read More:A top exec at a $1.8 billion hedge fund asked his followers for their favorite

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