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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Ex-Infosys CEO Vishal Sikka Wants To Bring AI to India’s Masses
September 27, 2019

Ex-Infosys CEO Vishal Sikka believes India can become the Artificial Intelligence (AI) capital of the world. AI could be a massive disruptor in India over the next 20-25 years, says…

Preqin and Vertex VC Report Shows $1 Trillion Market on Tap
September 27, 2019

A new Preqin and Vertex VC Report indicates robust growth ahead for the venture capital markets. Preqin and Vertex launched the joint research report called the Global Venture Capital Perspectives…

Investors in Ripple’s XRP Rely on SEC Guidance To Claim It Was An ‘Unregistered Security’
September 27, 2019

Investors amended their complaint in a May 2018 lawsuit regarding the XRP cryptocurrency, relying on SEC’s guidance on digital assets. The SEC’s Framework for “Investment Contract” Analysis of Digital Assets…

Yale University Researchers Say AI Will Weigh Stomach (GI) Disorders
September 27, 2019

Yale University researchers have determined that artificial intelligence could provide patients with stomach disorders better treatment.

The DailyAlts PlayBook – September 27, 2019
September 27, 2019

Today, the DailyAlts Playbook talks WeWork’s private plane, Europe’s never-ending rate cuts, private equity increasing dominance, and Elizabeth Warren’s war against it.

Citadel Launches Zurich Office (And People on the Move)
September 27, 2019

Hedge fund Citadel is launching a new office in Zurich. The new space will host its marketing-arm, Citadel Securities, according to the firm. This division is one of the world’s…

Paying Off Student Loan Debt Most Significant Life Milestone for 35% of Millennials
September 27, 2019

Millennials valued paying off their student loans even more than buying a house or starting a family. That’s a finding on student loan debt from a survey by personal finance…

Richard Grossman: Preparing for Shareholder Activism On Your M&A Deal
September 26, 2019

Richard Grossman, a partner in Skadden’s M&A practice, has advice on tackling activist hedge funds during an M&A transaction.

SEC Extends EGC Rule, Modernizes ETF Rules
September 26, 2019

The SEC announced Wednesday it had adopted new rules that extend the “test-the-waters” accommodation.

Burning Through Cash, WeWork Turns to Goldman
September 26, 2019

Is WeWork running out of money? According to Bloomberg, WeWork (or We Co.) burning through the green stuff at a torrid pace.