News

Each day, DailyAlts tracks major developments across the alternative investment world. Our content is procured from primary contacts in the industry and secondary sources across the web. Our goal is to give readers the most up-to-date news and engaging experience to open new doors and areas of knowledge. Our stories cover nine separate verticals of the alternative investment industry.

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Activist Carl Icahn Is Shorting Mall Owners – Should You?

Occidental Petroleum and Carl Icahn

Activist Carl Icahn has taken another big bet against a sector. This time, the hedge fund manager is targeting mall operators. Icahn could earn $400 million or more if mall operators start to face debt problems. According to the Wall Street Journal and its sources, Icahn likely holds the largest short position against these companies. 

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Mutual Fund Giant Vanguard to Test P2P FX Trading with Blockchain
October 4, 2019

Mutual fund giant Vanguard Group has started testing a peer-to-peer FX trading platform. The experiment is part of a partnership with Symbiont.

PayPal is AWOL at Libra Association Meeting on Digital Assets
October 4, 2019

Paypal was a prominent absentee at a crucial strategy meeting of the Libra Association held in Washington Thursday. The 28 member Libra Association backs Facebook’s globe-spanning plan for the Libra…

Oil Rich Norway’s Government Pension Fund Slashes Exposure to… Oil Production
October 4, 2019

Norway’s Government Pension Fund Global, Oslo, will cut its exposure to upstream energy production. The pension fund will cut 50 billion Norwegian kroner ($5.5 billion) in equity allocation from its…

IndexIQ And Nasdaq Dorsey Wright Tie Up to Offer A Liquid Alternatives ETF Model
October 4, 2019

IndexIQ launched the IQ Alternative Allocation Model, the first liquid alternative model on its platform, in collaboration with Nasdaq Dorsey Wright. The IQ Alternative Allocation Model provides an absolute return…

Finablr And Samsung Pay Announce New Fintech Money Transfer Service
October 4, 2019

For the first time in the US, a Samsung Pay user can transfer money internationally to 47 countries using their mobile. Finablr, a UK-based and listed fintech, has partnered with…

The DailyAlts PlayBook – October 4, 2019
October 4, 2019

Today, the DailyAlts Playbook talks about the robot apocalypse on Wall Street, the Forbes 400, Zuckerberg’s billionaire statement, and LaVar Ball (sorry about that). The markets are in the red…

Automaker Ford Using Artificial Intelligence To Optimize Daily Driving
October 4, 2019

Ford has developed an Artificial Intelligence-driven database that will accelerate its transition from automaker to a mobility company. It is accordingly partnering with American cities to solve mobility challenges. City…

State Street on Blockchain: The Trickle of Digital Assets Will Soon Turn Into A Flood
October 4, 2019

State Street, the huge custody bank which holds assets of over $30 trillion, may soon see a flood of blockchain-based digital assets. According to Jay Biancamano, State Street’s head of…

FireEye Is Seeking a Private Equity Buyer, Hires Goldman Sachs as Advisor
October 3, 2019

FireEye (FEYE) is reportedly seeking a private equity buyer. The news comes after the firm failed to locate a strategic buyer. The company reportedly hired Goldman Sachs to guide them through…

Libra Association to Meet in Switzerland to Discuss Digital Assets: Make or Break?
October 3, 2019

No one thought setting up a globally acceptable cryptocurrency such as Facebook’s Libra would be easy. But the Libra Association’s upcoming meeting in Switzerland may show which of its members…