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."
Billionaire Kenneth Griffin was one of the first to warn of the COVID-19 outbreak's dangers, and his hedge fund Citadel has gone so as far as to create a specific investment vehicle for assets battered by the virus fallout. Named the Citadel Relative Value Fixed Income Fund, the vehicle is positioned to allow Citadel to take advantage of the current volatility, according to a stock market filing, a change from the financial crisis in 2008 when the fund's flagship investments posted losses of 55%.
"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. The virus, he warned, is"probably the most concrete short-run risk we see in the financial markets globally."Economists now expect the pandemic, which has killed upwards of 25,000 people worldwide, to lead to a global recession. In fact the International Monetary Fund said
Really? stupidity has no limits like Einstein said. coronavirusaustralia
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Baguio now has 10 COVID cases, Abra cases up to 2, Benguet has 2The number of Baguio patients infected with the coronavirus disease has risen to 10, while Cordillera’s first COVID-19 case may have infected a second patient in Abra province, the DOH announced.
Source: inquirerdotnet - 🏆 3. / 86 Read more »
COVID-19 cases among OFWs at 203, death toll at 3A total of 203 overseas Filipino workers have been infected with the coronavirus disease, the Department of Foreign Affairs confirmed on Thursday.
Source: CNN Philippines - 🏆 13. / 63 Read more »
Video reveals lung damage in US coronavirus patient: 'People need to take this seriously'Lung damage caused by the novel coronavirus may be 'irreversible' for some people, an expert warns.
Source: CNN Philippines - 🏆 13. / 63 Read more »
LIVE UPDATES: COVID-19 pandemicNearly a third of the world’s population are living under coronavirus-related movement restrictions. Follow this thread for global updates on the COVID-19 pandemic Chicago and Detroit could be new COVID hotspots in the US, public health expert says 'We are concerned about certain counties' that have seen increased spreading of the virus, Dr. Deborah Birx says, naming Wayne County, Michigan, and Cook County, Illinois as examples | via CNN davidyusantos They’d better cancel. I’ll be surprised if they didn’t cancel. This is a national and international emergency. It should have been considered cancelled, and this is just formality in writing, right?
Source: CNN Philippines - 🏆 13. / 63 Read more »
[ANALYSIS] Strategies for fighting COVID-19Every single day we delay the coronavirus, we can get better prepared. How? Read here. ThoughtLeaders
Source: rapplerdotcom - 🏆 4. / 86 Read more »
2 more Senate staff test positive for COVID-19Two more employees of the Senate have tested positive for novel coronavirus disease (COVID-19).
Source: manilabulletin - 🏆 25. / 51 Read more »