Arney: Hedge funds eye real estate debt in 2013

11/30/2012 | CNBC

Hedge funds had a difficult time this year, says Rick Arney, head of hedge funds at BlackRock Alternative Investors. Right now, investors are staying on the sidelines. Arney has higher hopes for 2013, noting that investors will be on the hunt for yield. "Where we think there's opportunity is a few areas; one is credit ... with particular focus on real estate debt," he says.

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