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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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Elliott Management Bulking Up on Cash
September 22, 2019

Paul Singer’s Elliott Management, fearing a market meltdown, is raising fresh money from investors. The activist investor could raise a war chest of $5 billion, according to an investor.

Fitbit May Sell Itself: Reuters
September 20, 2019

Wearable device maker Fitbit may be exploring the feasibility of a sale as competitive pressures mount. Fitbit has been talking to boutique investment bankers Qatalyst Partners on the subject of…

Independent Community Bankers of America Want the SAFE Act Passed
September 19, 2019

Community Banks Back Cannabis Financial Services Bill The Independent Community Bankers of America sent a letter to the leadership of the House and the Senate urging them to pass the…

FDIC Approves New Leverage Standards for Community Banks
September 19, 2019

“Here’s the Latest on the New Community Bank Leverage Standards New community bank leverage standards will reshape the industry. The FDIC approved a different measure of leverage for community banks…

Private Equity in the Dock for Alleged “Surprise Billing Practices”
September 19, 2019

A bipartisan Congressional investigation is to determine whether private equity giants are behind price gouging in emergency care. “Surprise billing practices” are unexpectedly large medical bills from an out-of-insurer-network physician…

AT&T Considering Options for DirecTV Unit
September 19, 2019

AT&T may sell DirecTV, among other options, as consumers drop TV connections. Telecom giant AT&T, which bought DirecTV for $49 billion in 2015, maybe considering a U-turn on the unit….

US Fed Cuts Rates by 25 Bps; Trump Says Fed Has No Guts
September 18, 2019

As expected, the Fed cut interest rates to sustain the economy but was non-committal on future cuts. Fed Chair Jerome Powell painted an optimistic picture of the US economy, citing…

Deutsche Bank Joins JPMorgan Blockchain Project
September 18, 2019

The project now serves 320 banks around the globe on cross-border payments The JPMorgan Blockchain Project just got another big player in the blockchain game. Deutsche Bank has joined JP…

Adam Farkas to Join AFM in Europe (and More People on the Move) – September 18, 2019
September 18, 2019

Adam Farkas is the next CEO of the Association for Financial Markets in Europe. The Association for Financial Markets in Europe has announced its replacement for Simon Lewis. Adam Farkas,…

SEC Charges Jay Daniel Seinfeld and Social Worker on Fraud Scheme
September 17, 2019

SEC Issues Investor Warning after Seinfeld Defrauds Terminally Ill Jay Daniel Seinfeld used a fake charity to defraud terminally ill patients out of their money. Let that one sink in…