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Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas

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.

To watch the "Halftime Report" interview in its entirety, you must be a CNBC PRO subscriber.