Hedge funds run by Caxton Associates LP, SAC Capital Advisors LP, Avenue Capital and Blackstone Group LP have been buying housing-related investments, betting on a rebound. And the Wall St Journal reports that formerly bearish research firm Zelman & Associates now predicts a housing pickup, as does Goldman Sachs Group Inc.
Other investors seem to be making the same bet. Shares of home builders are up 30% since the end of the third quarter, as measured by the Dow Jones index tracking those shares, topping a nearly 10.5% gain for the Standard & Poor's 500…..
Read more at http://online.wsj.com/article/SB10001424052970204296804577124991922170830.html?mod=WSJ_hp_LEFTWhatsNewsCollection
No comments:
Post a Comment