WASHINGTON—The Supreme Court on Tuesday declined to intervene in a fight over the government’s handling of mortgage-finance giants Fannie Mae and Freddie Mac, a setback for investors seeking gains from the firms’ return to profitability. The justices, in a brief written order, said they won’t take up appeals brought by hedge funds and other distressed-asset investors who in recent years have invested in the companies, which have been in government conservatorship since the financial crisis.

Source: Wall Street Journal February 20, 2018 15:24 UTC