Hedge fund capital feels the pinch as retail slumps

Finding a parking spot for your Mercedes or BMW on Greenwich Avenue, the main shopping street of the US hedge fund capital, used to be a challenge.

21st March, 2009

Finding a parking spot for your Mercedes or BMW on Greenwich Avenue, the main shopping street of the US hedge fund capital, used to be a challenge. Not any more. With the recession hammering retail sales, empty curbside spaces abound along the suburban Connecticut thoroughfare, known as the Rodeo Drive of the northeast, and ‘For Rent’ signs decorate vacant shop fronts. Retailers such as Ann Taylor, Banana Republic and Borders have all closed their Greenwich...

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