How hedge funds would trade global real estate woes

LONDON/NEW YORK, July 26 (Reuters) – Property markets knocked by high interest rates and the end of cheap financing have caught the eye of hedge funds. U.S. and European commercial property markets face lingering office vacancies, diminished retail activity and higher refinancing costs, while investors are wary of highly indebted Chinese property. Five hedge funds shared five trading ideas on global property markets, adding that they cannot reveal trading positions for regulatory reasons. 1/ VARADERO CAPITAL * New-York based credit hedge fund * Size: $2.8 billion * Founded in 2009 * Key trade: buy commercial mortgage-backed securities issued 2012-2016 Jonathan…