| 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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