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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