1. Share Talk

Alder Hill Management LP

30Apr 2017

The Big Short – One trader’s gambled £80m on the demise of US shopping malls

Short call: Wall Street trader Eric Yip is betting shopping malls will collapse

Eric Yip spent his childhood working in his parents’ store at a shopping mall in a small New Jersey town. The family sold homewares and T-shirts from the Burlington Center.

In the early 1980s, the 103,000 sq ft retail complex had more than 100 stores and was the heart of the community, credited with creating a development boom in the town.

Today, though, just a handful of shops remain and it is virtually silent.

DON’T MISS OUT!
Subscribe To Our Newsletter
Be the first to get latest updates and exclusive content straight to your email inbox.
Stay Updated
Give it a try, you can unsubscribe anytime.
Get the week’s best articles right in your inbox
Subscribe
Join 15K subscribers