© Reuters. A US flag can be seen on the New York Stock Exchange in the New York borough of Manhattan
By Lawrence Delevingne
BOSTON (Reuters) – When US election results began late Tuesday night, hedge fund manager Eric Jackson ate so much of his children's Halloween candy that he felt compelled to buy a blood glucose meter the next day.
EMJ Capital's Jackson said the treats were a relief to his nerves when he saw MSNBC's Steve Kornacki floating around on the television screen and stock market futures "melting down all night".
In the next few days, Jackson and other fund managers would find ways to deal with concerns about the election result and their investment portfolios amid the daily soap opera-like developments in the presidential race.
There were dramatic twists and turns in key states including Florida, Georgia, Nevada, and Pennsylvania from Tuesday through Friday morning. Meanwhile, when Democratic candidate Joe Biden took the lead, President Donald Trump made baseless allegations of electoral fraud, and Republicans filed several ballot lawsuits.
Markets were less volatile than some feared, but Wall Streeters were still looking forward to an unexpected outcome.
To relieve the stress, Maria Vassalou of Vassalou Capital Management drove four miles in Central Park.
Muddy Waters (NYSE 🙂 'Carson Block avoided Twitter after heated conversations made him nervous.
AQR Capital Management's Cliff Asness played a video game called Doom Eternal in "ultra-violence mode," which he described as "very comforting."
Nancy Davis of Quadratic Capital Management found her "zen zone" by watching reality TV shows "Below Deck" and "Southern Charm" with additional support from Riesling, she said. "A little bit of that too."
Mike Novogratz and Mohamed El-Erian have posted on Twitter about throwing away stress https://twitter.com/novogratz/status/1323850535766757379, spending time with a pet https://twitter.com/elerianm/status/1324386171569491968 or finding tranquility posted in nature https://twitter.com/elerianm/status/1324607581088874502.
David Tawil, president of Maglan Capital, was the rare exception who said he hadn't changed much in his daily routine.
He does yoga, gets enough sleep, and tries to avoid consuming too much news and social media. Tawil also prays every day, has dinner with the family including an adult drink to help cut the edge.
"I always have a drink with dinner every night," he said. "The election did not change that habit in any way. No more and no less."
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