According to the New York Times, as the COVID pandemic accelerates the demise of some brick-and-mortar retailers, hedge fund investors profit handsomely.
- Who was Catie McKee, hedge fund analyst talking to last October about her investment strategy?
- How much did the investor(s) make for the trade within Ms. McKee’s firm that more than doubled their money?
- Why is this type of trade the opposite of investors buying stocks and bonds with the expectations of a rise in value and what is it called?
Kelly, K. (2020). ‘The Big Short 2.0’: How Hedge Funds Profited Off the Pain of Malls. The New York Times, August 24 (Retrievable online at https://www.nytimes.com/2020/08/24/business/mall-short-hedge-funds.html)