Articles by Michael McDonald and Mark Chediak

Hedge Fund Collects $3 Billion in Bet on Wildfire Insurance Claims

Baupost Group, the hedge fund run by Seth Klarman, received more than $3 billion in July from its bet on insurance claims against PG&E Corp. connected to a series of deadly California wildfires, according to people with knowledge of the …

Dorian Drowned People Taking Refuge in Attics with Its Storm-Surge of 20-25 Feet

Teams of dog handlers from the U.S., Canada and Belgium are uncovering more and more dead bodies among the debris of Bahamas homes hit by Hurricane Dorian, the Health Ministry said. The Category 5 storm was so powerful that it …

Powerful Hurricane Dorian Brings ‘Historic Tragedy’ to Bahamas

The Bahamas suffered at least five deaths and “unprecedented and extensive” devastation as the most powerful storm in its history tears up homes and leaves swathes of territory underwater. “We are in the midst of a historic tragedy in parts …

Harvard University Invests in Litigation Finance Fund

Harvard University is committing more capital to a strategy that backs plaintiffs in commercial disputes, delivering robust uncorrelated returns. The strategy is run by IMF Bentham Ltd., a publicly traded company which last week finished raising $500 million for a …

University of Virginia Fraternities to Be Reinstated Jan. 9

The University of Virginia will lift a ban on its more than 30 fraternities and related activities, in place since Nov. 22, on Jan. 9, President Teresa A. Sullivan said. The reinstatement will be in conjunction with a new agreement …