Hedge funds made strong returns in 2010 purchasing mortgage securities trading at distressed prices. However, the long-predicted double dip in US home prices raises questions about the relative attractiveness of this strategy in 2011.
The S&P Case Shiller 20-City Composite, which tracks home prices in 20 major cities in the US, fell 1.6% for the 12 months to November 2010, the second consecutive month of annualised declines since prices stabilised in 2009.
The expectation is that home prices will
The week on Risk.net, March 10-16 2018Receive this by email