Hedge Funds Burned by Short Trade as America’s Malls Refuse to Die
- Index popular for shorting mall loans rallies this year
- Investors in ‘stand off’ over when the borrowers will fail
This article is for subscribers only.
For traders betting on the death of America’s malls, being right and making money are proving to be two very different things.
Reminiscent of Michael Burry of “The Big Short” fame, these hedge funds have piled into a trade that could reap huge profits if loans taken out by beleaguered mall and shopping-center operators eventually go bust.