As the hedge funds once clustered in London's Mayfair negotiate gyrating markets, they are facing a new line of investor questioning: who has contracted COVID-19?
LONDON - As the hedge funds once clustered in London’s Mayfair negotiate gyrating markets, they are facing a new line of investor questioning: who has contracted COVID-19?
“The important thing for managers is planning – what do they intend to do on the basis of when, not if, they get the virus,” said one of three investors who told Reuters they wanted to be informed about any coronavirus infections at the hedge funds they invest with. They say they would only tell investors if their top managers fell seriously ill, but not necessarily inform them of a mild infection, or if lower-ranking staff became sick, according to interviews.
Where funds can be managed by a variety of people, and are advertised as such, their obligation to notify investors about staff absences depends in part on their prospectus, succession plans and any individual agreements with investors, regulatory experts say.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WTO's goods trade index hits record low amid COVID disruptionsThe World Trade Organization (WTO) said on Wednesday its goods trade indicator fell to the lowest level since its launch, indicating global trade was likely to fall 'precipitously' in the first half of 2020 due to disruptions caused by COVID-19.
Read more »
Today's Headlines: California's progress against COVID-19Though COVID-19 deaths continue to rise and there are concerns about the future, some encouraging signs are emerging in California's fight against the coronavirus.
Read more »
Facial Recognition Firms Pitch Covid-19 ‘Immunity Passports’ For America And BritainFaceFirst pitches a coronavirus health passport system, though concerns around civil liberties and privacy abound.
Read more »
Inovio says COVID-19 vaccine produces antibodies in mice, guinea pigsU.S. immunotherapy company Inovio Pharmaceuticals Inc on Wednesday said its experimental vaccine to prevent coronavirus infection was shown to produce protective antibodies and immune system responses in mice and guinea pigs.
Read more »
Linda Lusardi sizzles in bikini as she bounces back following Covid-19 battleThe former Page 3 girl was battling the deadly virus from intensive care at the end of March but has since bounced back at home
Read more »
COVID-19 case tally: 4.9 million cases, 323,637 deaths and Brazil sees surge in fatalitiesThe global case tally for the coronavirus that causes COVID-19 climbed to 4.9 million on Wednesday, according to data aggregated by Johns Hopkins University....
Read more »