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Goldman bets on property rebound with new fund: Mortgages

Posted on 30 March 2012

Goldman Sachs Group Inc, which survived the subprime mortgage crisis by making bets on a housing decline, is raising money for a new fund that will buy home-loan bonds to benefit from an improving real-estate market.
The U.S. Housing Recovery Fund, which is expected to finish its first round of capital raising and open April 1, will focus on senior-ranked securities without government backing, many of which now carry junk credit grades, according to a marketing document obtained by Bloomberg News………………………………………..Full Article: Source


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