Ian Frisch
Ian Frisch
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Shorting Shopping Malls During Covid-19 - The $2 Billion Mall Rats

Shorting Shopping Malls During Covid-19 - The $2 Billion Mall Rats

Catie McKee, Dan McNamara, and their boss Marc Rosenthal had millions of dollars riding on Crystal Mall in Waterford, Connecticut. The trio worked at MP Securitized Credit Partners, a tiny Wall Street hedge fund, and they’d stopped by the typical middle class shopping center in search of signs of life: Who was at JCPenney? Claire’s? Hot Topic? ThriftBois? What was up at VAPE CITY or BrowArt23? They couldn’t help but notice there was something depressing about the place: discounts galore, emptiness in every direction, a foreboding aura that signaled the end was near. It didn’t look good for...

November 30, 2020
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