WSJ News Exclusive | Wall Street’s New Trade: Covid-19 Insurance Claims

A number of prominent hedge funds have been buying portions of companies’ claims against their insurers for losses suffered in Las Vegas and elsewhere during the pandemic

The nation’s gambling hub has a new high-stakes wager: Covid-19 insurance claims. A number of prominent hedge funds have been buying portions of companies’ claims against their insurers for losses suffered in Las Vegas and elsewhere during the pandemic.

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