Despite hedge fund bets, shopping malls remain relevant

According to a recent Bloomberg News report, hedge funds have been betting against the failing shopping mall industry, expecting to earn large profits when loans to mall operators eventually fall short. According to Bloomberg News, “Investors have been betting on indexes that track baskets of commercial mortgages with outsize exposure to malls across the country. Through buying and selling credit default swaps, they’re effectively wagering on whether—or when—the underlying loans will go bust and which way the index will move.”