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Hedge Funds

Is Next Big Short Sale In US Retail Industry?

by posted 1year ago 302 views
Hedge funds on the prowl for the next big opportunity since the collapse of the subprime housing bubble are placing bets against the U.S. retail industry, according to the Financial Times. Ten retail chains have filed for bankruptcy so far this year, while other companies are closing unprofitable stores as consumers shift their spending online. “We think the magnitude of this short could be bigger than subprime,” Stephen Ketchum, the head of Sound Point Capital, a hedge fund that manages more than $13 billion for investors, told the newspaper. “Go to the Amazon website and type in ‘batteries’. What you...