Mamdani’s platform has rattled the business community, notably the financial and real estate industries, ahead of the Nov. 4 election. (Source: Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Money managers are fielding queries from worried investors about what New York City mayoral frontrunner Zohran Mamdani means for the city’s finances.

And their answer? Keep calm and carry on.

JPMorgan Asset Management said in a blog post that it has been receiving questions about what a “democratic socialist mayor might mean for the future of New York City.” Stu Caplan, a financial adviser in suburban Philadelphia, says he’s been getting phone calls from clients holding New York City bonds. Eric Kazatsky, client portfolio manager at MacKay Municipal Managers, said his tea

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