Tuesday, 1 September 2015
Last updated 9 hours ago
Jun 4 2008 | 11:27am ET
One hedge fund is looking to take advantage of plummeting property values in the U.S., specifically California.
Three Arch Investors is reportedly planning a hedge fund to buy land in California, where the price of homes have fallen by about 20%, and that of land by about 80%, according to Financial News. The firm plans to raise as much as $250 million for its California Distressed Land Fund, managed by David Michelson.
The firm has already begun buying tracts of developable land in the state.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…