New Goldman Fund Long Real Estate. So Does That Mean Run?
Goldman Sachs Group is rolling out a new fund at the beginning of the month.. and they’re betting on a housing recovery. According to Bloomberg, Goldman is joining the hedge fund ranks of Hayman Capital, Cerberus Capital, and Canyon Partners in raising money for a mortgage backed product. The goal of these new funds is to take advantage of the recent appreciation in the $1.1 trillion dollar market in non-government backed mortgage securities. The market consists of the remnants from the causation of the 2008 crisis, primarily ARMs (adjustable rate mortgages) and Alt-A ARMs. Since last November, the senior … Read more