This content is from: Premium

Jason Mudrick’s Big Mortgage Bet Pays Off

The distressed hedge fund has minimized losses thanks to a successful short bet on a suddenly high-profile real estate index.

Jason Mudrick’s Mudrick Capital Management made a large short bet against shopping mall mortgages — a position that has paid off as various markets have cratered this year. Mudrick has a roughly $500 million bet against the CMBX Series 6, a commercial real estate mortgage index, according to an investor in

To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login.

Related Content