{"id":65875,"date":"2018-09-24T00:07:24","date_gmt":"2018-09-24T04:07:24","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=65875"},"modified":"2018-09-26T01:33:05","modified_gmt":"2018-09-26T05:33:05","slug":"putnam-stares-down-hedge-funds-on-big-shopping-mall-bet-2","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2018\/putnam-stares-down-hedge-funds-on-big-shopping-mall-bet-2.html","title":{"rendered":"Putnam Stares Down Hedge Funds on Big Shopping Mall Bet"},"content":{"rendered":"<p>\n(Reuters) Putnam Investments has placed a large, concentrated bet that struggling U.S. shopping malls can transform themselves even as key tenants shut stores or file for bankruptcy. So far, it is winning &#8211; to the chagrin of hedge funds like Alder Hill Management LP that are on the other side of the bet. Putnam, a Boston-based mutual fund firm, holds more than $1 billion worth of derivatives tied to mortgages on shopping malls, office buildings and hotels, according to interviews and filings analyzed by Reuters.<\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/us-funds-putnam-invst-malls\/putnam-stares-down-hedge-funds-on-big-shopping-mall-bet-idUSKCN1M12JT\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) Putnam Investments has placed a large, concentrated bet that struggling U.S. shopping malls can transform themselves even as key tenants shut stores or file for bankruptcy. So far, it is winning &#8211; to the chagrin of hedge funds like [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65875","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=65875"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65875\/revisions"}],"predecessor-version":[{"id":65876,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65875\/revisions\/65876"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=65875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=65875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=65875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}