Billionaire hedge fund managers Jamie Dinan and Marc Lasry shared their market views in an exclusive interview with CNBC's Scott Wapner on Tuesday.
On financials: "The regulatory environment offsets any kind of benefit from the steepening yield curve," Dinan said.
On the market: "I don't think it's a great environment. There's nothing cheap out there ... only thing we're seeing out there [is the] energy sector, where we ... still see a lot of opportunity [and also] Europe," Lasry said.
They also discuss:
- Impact of the election
- Favorite stocks and sectors
- Merger arbitrage strategy
- St. Jude Medical and Monsanto
- Active versus passive investing
Dinan is the founder of York Capital. The firm had more than $20 billion in assets under management at the end of last year.
Lasry is chief executive officer of Avenue Capital Group. The firm manages approximately $11 billion, according to its website.
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