(Bloomberg) Hedge funds have found a new way to profit from the sorry state of Australia’s housing market: playing off how much poorer consumers feel as their home values decline. Managers including Totus Capital and Sydney’s Regal Funds Management are heaping
bearish wagers on companies from JB Hi-Fi Ltd. to Harvey Norman Holdings Ltd., betting discretionary retail stocks will wobble as the country’s decades-long property boom goes into reverse and people shop less.
Hedge Funds Are Shorting Australian Retailers as Home Prices Fall
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