Hedge funds are pouncing on companies infected by coronavirus | Malay Mail

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NEW YORK, March 28 — Hedge funds have lost billions of dollars as coronavirus has stalled the economy and sent Wall Street into a tailspin. But the financial institutions favoured by the world’s richest investors are plotting a recovery by betting on the markets’ slump. US-based hedge funds...

US-based hedge funds are aiming to persuade clients that the current economic crisis and the uncertainties in fact present a unique investment opportunity. — Reuters pic

In their discussions with current investors and potential new clients, some of these funds are emphasising that stocks, corporate bonds and commodities have not been as cheap since the 2008 global financial crisis, according to sources close to the institutions. King Street Capital said in its pitch that it is looking for “high-quality companies that have seen their bonds or loans caught up in the sell-off.”

“It’s not a Chinese health crisis; it is a global health crisis,” Griffin said of the new coronavirus in an early February speech to The Economic Club of New York.

 

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