Politics & Regulation

Jim Chanos: Don't blame Obama for market sell-off

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Hedge fund managers react to the elections.

   
   Jim Chanos (Photo: Bloomberg)
Hedge fund managers were among the most involved players in the presidential election, and now the industry is taking stock of what four more years under Barack Obama means for their investments, tax rates, and how their firms are regulated.

But whether it was high-fives or stiff drinks Tuesday night, managers had to immediately deal with a tanking stock market this week. Was it Obama's fault?

"The market has been acting choppy since third quarter earnings have been out anyway and let's face it, we also had a pretty good