Greatest pair trade of the decade

In Investments on 10/10/2017 at 5:25 pm

Few hedgies

made what would have turned out to be the best sectoral trade of the decade. Anyone who sold short mortgage companies and thrifts at the market top in 2007 (prices collapsed during the crisis and the sector index was discontinued in 2015), and put the proceeds into the internet retailers who would revolutionise US retailing (led by Amazon), would have turned an initial $100 into almost $20,000.

FT today


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