Betting on the decline of housing pays off (The Philadelphia Inquirer)
Story date: 2007-12-02 01:20:35
Added on: 2007-12-02 20:13:26
Kenneth Heebner, manager of the top-performing CGM Focus Fund, profited from a $477 million bet against Countrywide Financial Corp. and Sears Holdings Corp. as the housing bust hurt mortgage and home-furnishings companies.
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