Boston-based Putnam Investments is betting that struggling shopping malls like Emerald Square Mall, in North Attleboro, Massachusetts, will be able to transform itself as an office.

US mutual fund Putnam bets struggling malls will transform to survive, pitting it against hedge funds

The Boston-based mutual fund firm holds more than US$1 billion worth of derivatives tied to mortgages on shopping malls, office buildings and hotels

Topic |   International Property

TOP PICKS

Boston-based Putnam Investments is betting that struggling shopping malls like Emerald Square Mall, in North Attleboro, Massachusetts, will be able to transform itself as an office.
READ FULL ARTICLE