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Hedge funds posted their best month since the financial crisis in April amid the torrid market rebound | Currency News | Financial and Business News

Wall Street coronavirus

Spencer Platt/Getty Images Hedge funds posted their best month in more than a decade as March’s lows gave way to a resounding rally through April. Eurekahedge’s Hedge Fund Index gained 3.7% last month, its biggest jump since May 2009. A combination of Federal Reserve action, risk-on attitude, and optimism toward …

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From precious metals to loans on the brink of default: Investors are flocking to these assets after the coronavirus market meltdown

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Mike Segar/Reuters Periods of widespread selling and cash-hoarding shifted the sands of the investing landscape to reveal new opportunities. Several of Wall Street’s biggest firms are raising billions of dollars to pile into distressed debt, viewing the Federal Reserve’s relief measures as a backstop for ailing corporations. Significant spending on …

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