Hedge fund billionaire Ken Griffin has said he expects former President Donald Trump to retake the White House on Election Day next week.
Citadel’s CEO called the race between Trump and Vice President Kamala Harris “almost a coin flip” during a panel discussion at the Saudi Future Investment Summit this week, according to Bloomberg.
But he believes Trump’s victory is favorable.
“Today’s forecast is that Donald Trump will win the White House within the next few days, but we’ll see soon enough,” Griffin said, according to the report. “We are now at a moment of peak uncertainty.”
Griffin has donated millions of dollars to Republican candidates, but not directly to the Trump campaign, Forbes reported.
Citadel Founder and CEO Ken Griffin speaks at the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California. AFP (via Getty Images)
According to opinion polls, with less than a week until Election Day, Trump and Harris are almost evenly matched.
Griffin also reportedly said during the forum that the end of the presidential election will bring some transparency to the market.
Former President Donald Trump speaks at a campaign rally at the Rocky Mount Event Center on October 30, 2024. AP Vice President Kamala Harris speaks at a campaign rally at the Ellipse on October 29, 2024 in Washington, DC. AFP via Getty Images
“In the big picture, lower uncertainty is almost always positive for asset prices,” he said.
“I would say there are risks to the environment in general after an election as people adopt a new administration, whether it’s the Harris administration or the Trump administration,” he continued. “This uncertainty will be a thing of the past for us.”
