Hedge Fund News From HedgeCo.Net

The lucrative investment trend hedge funds don’t want you to know about

CNN – Hedge fund executives who descended on Miami last month for a conference on unpaid property taxes were treated to waterfront cruises of estates owned by Madonna, Shaquille O’Neal, and Elizabeth Taylor. But unlike those celebrity residences, the houses the profit-chasing investors were hunting at the gathering have a prosaic facade: tax liens.

Far from the mansions of Greenwich, Conn., houses owned by homeowners struggling with delinquent property-tax bills are sparking a gold rush by the elite money pools. Leading the recent lien-buying surge is Fortress Investment Group, the $53 billion alternative investments company now working with former executives who drove J.P. Morgan’s prior rush into the business from 2008 through mid-2011.

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