Hedge funds are pouncing on companies infected by coronavirus

New York (AFP) – Hedge funds have lost billions of dollars as coronavirus has stalled the economy and sent Wall Street into a tailspin. But the financial institutions favored by the world’s richest investors are plotting a recovery by betting on the markets’ slump.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, corporat…

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