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Putnam Stares Down Hedge Funds On Big Shopping Mall Bet: (PDINX)

TedTed
in The Bullpen
FYI: Putnam Investments has placed a large, concentrated bet that struggling U.S. shopping malls can transform themselves even as key tenants shut stores or file for bankruptcy.

So far, it is winning - to the chagrin of hedge funds like Alder Hill Management LP that are on the other side of the bet.
Regards,
Ted
https://www.reuters.com/article/us-funds-putnam-invst-malls/putnam-stares-down-hedge-funds-on-big-shopping-mall-bet-idUSKCN1M12JT

M* Snapshot PDINX:
https://www.morningstar.com/funds/XNAS/PDINX/quote.html
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