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Hedge Funds

Hedge Funds Buy The Dip, Bet On Virus Stabilizing

by posted 5days ago 14 views
As Wuhan, China, ended its first week of quarantine, Tribeca Investment Partners portfolio manager John Stover began to bet on a recovery. “You can pick your own adventure in terms of what you read and how scared you want to get about it,” said Singapore-based Stover, whose firm manages about A$1.9 billion (US$1.28 billion). “But risk/reward has looked pretty good over the last couple of weeks.” For many traders on Wall Street, the number of confirmed COVID-19 cases has meant a frenzied search for safe havens, but some hedge funds are looking for bargains.

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