The Big Long: Faith in Underwater Mortgages Nets Hedge Fund $2.6 Billion Payday

The Big Long: Faith in Underwater Mortgages Nets Hedge Fund $2.6 Billion Payday


The film “The Big Short” is about how Michael Burry’s Scion Capital and others famously uncovered the housing bubble and sought to profit from it. Fir Tree Capital Management was part of this story as well, except they were on the other side of the table. They noticed the crash taking place in sub-prime mortgages

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Posted by P. H. Madore on December 28, 2018 @ https://www.ccn.com/the-big-long-faith-in-underwater-mortgages-nets-hedge-fund-2-6-billion-payday/

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