Hedge funds are pouncing on companies infected by coronavirus

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Hedge funds are pouncing on companies infected by coronavirusHedge funds have lost billions of dollars as coronavirus has stalled the economy and sent Wall Street into a tailspin. US-based hedge funds are aiming to persuade clients that the current economic crisis and the uncertainties in fact present a unique investment opportunity, according to letters sent to clients viewed by AFP. In their discussions with current investors and potential new clients, some of these funds are emphasizing that stocks, corporate bonds and commodities have not been as cheap since the 2008 global financial crisis, according to sources close to the institutions.



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