Third Point's Loeb says constant surprises have shaped market in 2016

Billionaire hedge fund manager Daniel Loeb on Tuesday told clients that "idiosyncratic opportunities" have helped boost returns this year as a string of constant surprises has shaped markets, adding that more may be in store. Calling the battle between Donald Trump and Hillary Clinton for the White House the "most disappointing and bizarre election in our country's history," the fund managers said it is impossible to say how the outcome will shape growth and interest rates.