Death Arbitrage | Matt Levine | Bloomberg | 16th August 2016

Is it wrong to profit from death? American regulators pursue a hedge fund which paid hospice patients to open joint investment accounts that rewarded the survivor when one party died. “These patients had something valuable. They were going to die soon. Lathen found a way to make a profit off of it — $9.5 million. Lathen gave $10,000 each to the people who supplied his most important raw material: death. I don’t know if that’s the going rate, but he found willing sellers”