Some people want malls to die faster


Much to the chagrin of traders betting on their demise, America’s shopping malls are demonstrating surprising perseverance. A cluster of hedge funds have speculated against the largely failing industry for several years, anticipating they will reap huge profits when loans held by mall operators eventually go bust. While experts believe the traders’ bet will ultimately be a winning one, they did not anticipate the mall’s staying power. The cost to maintain these trades are now soaring each month as a number pay their loans on time and “refuse to die.” Suddenly short sellers have found themselves playing “a costly waiting game.”

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