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The Hedge Fund Bet Luring Retail Investors to High-Risk Debt

There was a time when investing in <-bsp-bb-link state="{"bbHref":"bbg://news/topics/CAT","_id":"00000190-48be-d497-a7fb-ecbf907c0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">catastrophe bonds was the preserve of hedge funds and other sophisticated alternative asset managers. But after underpinning the best hedge fund strategy of 2023, the bonds are finding a wider audience.

CDK Hackers Want Millions in Ransom to End Car Dealership Outage

A group that claims to have hacked <-bsp-bb-link state="{"bbHref":"bbg://securities/1282916D%20US%20Equity/CN","_id":"00000190-4787-d497-a7fb-ef8f49610000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">CDK Global, the software provider to thousands of car dealerships in North America, has demanded tens of millions of dollars in ransom, according to a person familiar with the matter.

Can Businesses Win Fight Over Covid-19 Insurance Claims?

A growing number of businesses are suing their insurers over denied business interruption insurance claims due to the Covid-19 pandemic. But will they be successful?


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