Published: 7:03pm, 24 Sep, 2018 Updated: 7:03pm, 24 Sep, 2018
Boston - based Putnam Investments has placed a large bet that most US shopping malls will be able to sustain themselves despite ongoing store failures and bankruptcies in the bricks - and - mortar retail market , so far without success . investors is betting the mortgages of the shopping malls linked to the CMBX Series 6 index , including First Holdings and JC Penney , will not go bad , while on the other hand Alder Hill Management is betting there will be loan defaults and write - downs on their loans .