A majority, 53%, of alternative investment managers expect the election of Donald J. Trump as president to be positive for the industry in the U.S., according to a survey of 182 alternative investment managers taken after the U.S. presidential election.
Some 12% of managers expect Mr. Trump's win will be negative. Meanwhile, 25% of survey respondents indicated that Mr. Trump's election will negatively impact the alternative investment's industry outside the U.S., with 22% expecting a beneficial impact.
The most beneficial of Mr. Trump's campaign promises were the reduction of corporate taxes, selected by 73% of survey respondents, and infrastructure spending, cited as positive by 62% of managers.
Forty-six percent of hedge fund managers expect U.S. assets to benefit from Mr. Trump's presidency in the next 12 months, with 35% expecting a longer term impact. Some 53% of hedge fund managers anticipate improved performance through the end of 2016, with 46% expecting a benefit to performance over the next 12 months and 35% expected a longer term benefit to performance. Preqin executives surveyed 125 private capital fund managers and 57 hedge fund managers on Monday and Tuesday.