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Tuesday, 18 October 2016

US big donors dump Trump


Some wealthy U.S. donors who normally back conservative politics are withholding financial support for Donald Trump, according to a report by Reuters.Trump
According to the report, the donors are now warily weighing their choices, torn between third-party candidates, simply focusing on down-ballot contests or even voting for Democrat Hillary Clinton. As Clinton’s lead over Trump has grown in opinion polls, some hedge fund managers who have traditionally donated big money to Republican presidential candidates see the congressional elections as their best hope. Stanley Druckenmiller, one of the best-performing hedge fund managers of all time, told Reuters he had recently given to Republican candidates for Congress in the hope of creating a “firewall” against Clinton’s economic policies, including more government control of healthcare and what he described as “astronomical disincentives” to invest.
 

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