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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Hedge Fund Solel Partners Launches with $600 Million AUM
October 3, 2019

Solel Partners began trading this week with $600 million AUM. According to Bloomberg, former Highfields Capital Management partners Craig Peskin and Peter Fleiss are leading the fund.

Sports Gambling Meets Venture Capital
October 3, 2019

The Sports Gambling Investment Fund has announced the formation of its first fund. The group aims to discover, fund, and mentor startups entering the casino and gaming business.

Martin Gilbert is Departing Aberdeen Standard Investments
October 3, 2019

Martin Gilbert is not seeking re-election as chairman of Aberdeen Standard Investments. Instead, he will also depart his role vice-chairman of parent company Standard Life Aberdeen on Sept. 30, 2020….

Schroders Launches A Private Equity Fund On Its GAIA II Liquid Alternatives Platform
October 3, 2019

Investment manager Schroders has launched a private equity fund on its GAIA II liquid alternatives platform. The Schroder private equity fund, titled “Schroder GAIA II Specialist Private Equity fund,” will…

Cloud And Saas Banking Startup nCino Raises $80M
October 3, 2019

nCino, the startup known for its cloud-based, SaaS solution for banking operating systems, raised $80 million. nCino’s cloud-based, banking operating system runs off the Salesforce platform. Existing investor Salesforce Ventures…

Vanguard Launches Actively Managed International Fund
October 3, 2019

A new Vanguard fund has launched to add to the firm’s list of mutual funds and ETFs launched under CEO Tim Buckley. The company has unveiled the Vanguard International Core Stock…

The DailyAlts Playbook – October 3, 2019
October 3, 2019

Today, the DailyAlts Playbook talks Trump tariffs on the things we love, Libra’s woes, the ESG Gold Rush, and a special lunch with Bill Ackman. The Dow was flat on…

WSJ: Libra May Lose Key Partners over Regulatory Scrutiny
October 3, 2019

The Facebook Libra cryptocurrency project could lose key partners, according to the Wall Street Journal. However, the report did generate a response from David Marcus and Facebook.

Goldman Shakes Up Asia M&A Team after John Kim Leaves (And Other People on the Move)
October 3, 2019

Bank splits M&A leadership role between two rising stars Goldman Sachs has hired two new leaders to operate the company’s M&A group in Asia ex-Japan. The firm has appointed co-heads…

Scared Of Falling Into Student Loan Debt? Try Cleo To Help Yourself Budget
October 3, 2019

Cleo is the fastest-growing fintech app in history. It’s a money management tool with a sense of humor and “zero-tolerance policy for bullsh*t.” Barnaby Hussey-Yeo, a data scientist, founded AI-powered…