Big funds build case for housing

Hedge funds run by Caxton Associates, SAC Capital Advisors, Avenue Capital and Blackstone Group have been buying housing-related investments, betting on a rebound

Big money is starting to wager on housing.

Hedge funds run by Caxton Associates, SAC Capital Advisors, Avenue Capital and Blackstone Group have been buying housing-related investments, betting on a rebound. And formerly bearish research firm Zelman & Associates now predicts a housing pickup, as does Goldman Sachs.

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