Magnetar Goes Long Ohio Town While Shorting Its Tax Base

Thousands of brick houses line the streets of Huber Heights, a leafy suburb of Dayton, Ohio, named for the builder who developed it in the 1950s and nurtured its growth. Until this year, his family was the town’s biggest landlord, with a third of all rental housing. Now the tenants’ payments are being routed to a $9 billion hedge fund.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.