Retailers are proving more resilient than expected. :
(Bloomberg Gadfly)—A little more than a year ago, a relatively small hedge fund, Alder Hill, went public with its relatively big bet -- reportedly half of its $200 million fund -- against retailers and malls. It was dubbed the new Big Short -- a reference to the bet against housing in the run-up to the financial crisis that netted a few hedge funds tens of billions of dollars.