Hedge Funds Are Shorting Australian Retailers as Home Prices Fall

August 10th, 20189:45 am @


(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.

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Article source: http://www.hedgeco.net/news/08/2018/hedge-funds-are-shorting-australian-retailers-as-home-prices-fall.html