Nov

A High-Stakes Hedge Fund Battle Erupts Over Hovnanian Debt

Blackstone GSO proposal is said to have credit-event trigger
Unusual jump in home-builder’s CDS indicates default risk

The credit derivatives market is treating New Jersey’s largest homebuilder as if it’s about to default, even as its stocks and bonds show no signs of panic…

Categories : Hedge Funds

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A High-Stakes Hedge Fund Battle Erupts Over Hovnanian Debt

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