Ken Griffin: upbeat on Trump's policies

Trump’s administration is a boon to American entrepreneurs, reckons hedge-fund founder Ken Griffin.

Ken Griffin, founder of hedge-fund group Citadel, is upbeat about US president Donald Trump's economic policies. He likes the fact that Trump's administration has "stopped the growth of regulation", which should help US entrepreneurs. He also likes the idea of cutting corporate tax rates to make US firms more competitive with their foreign rivals. He even likes the more aggressive stance on trade: "American firms have been on the short side of too many trade deals".

So what should we be investing in? "Go where the most disruptive change is taking place." An obvious candidate is retail, with the rise of e-commerce. He also thinks that machine learning, big data and artificial intelligence will transform manufacturing. Overall, the companies that should do best in the medium term are "global technology companies like Google and Facebook".

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