Most hedge fund managers are feeling pretty good about a Donald Trump presidency, even though they have some significant reservations.
At least as far as U.S. funds go, 53 percent of managers believe the new administration will be positive for alternative assets like hedge funds and private capital, according to a survey released Thursday by industry tracker Preqin.
That same level thought the billionaire businessman's election will lead to gains through the end of the year, while 46 percent said returns will benefit over the next 12 months and 35 percent expect good things even beyond that time frame.
Just 12 percent think Trump will have negative effects on the nearly $3 trillion industry.
The Barack Obama years were not great ones for most hedge funds, with overall performance lagging basic market indexes even as capital continued to accrue. Assets under management stand at $2.97 trillion, a 123 percent gain since January 2009, according to HFR.