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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Sony Rejects Loeb’s Proposal to Spin Off the Semiconductor Business
September 17, 2019

Sony rejects Loeb’s proposal to spin off the semiconductor business. President and CEO Kenichiro Yoshida wrote to shareholders today saying the company intended to retain the business Backed by the…

Department of Justice Slaps Three Traders with RICO Charges
September 17, 2019

JPMorgan – AKA Bank A – Traders Charged with Market Manipulation The Department of Justice just made JPMorgan’s public relations team buy a lot of headache medication. Two JPMorgan precious…

A Blackstone Bellagio Deal Is Looking More Likely
September 17, 2019

Blackstone (BX is on a buying binge in recent weeks. A Blackstone Bellagio deal? Why not? Just a day after announcing the $4 billion buyout of Dream Global Real Estate…

The Goldman Sachs Shakeup Continues (And More People on the Move)
September 17, 2019

Goldman Chief Risk Officer Robin Vance is the latest executive to depart the firm Goldman Sachs Group has announced the departure of another high-profile executive. According to Reuters, Robin Vance…

Blackstone to Purchase Dream Global REIT for $4.7 Billion
September 16, 2019

Deal Makes Blackstone a Big Player in Europe’s Recovering Real Estate Markets Dream Global REIT said Blackstone-managed funds will buy the Canadian firm for C$6.2 billion ($4.69 billion). Blackstone will…

SEC Hits Stifel and BMO Capital with Big Fines
September 16, 2019

Firms provided incomplete or inaccurate data to the agency Stifel Nicolaus will pay $2.7 million, while BMO Capital Markets will pay $1.95 million to settle charges with the SEC. The…

Thomas Piketty Calls for “Inheritance for All”
September 15, 2019

Progressive Economist Seeks Policies to “Overcome Capitalism” French economist Thomas Piketty has released a new book called “Capital and Ideology.” So, look out hedge fund managers and would-be billionaires. Piketty…

Arrowgrass Capital Partners Will Shut Down
September 14, 2019

Blame the Fed, Blame the ECB, Blame All-Around  Arrowgrass Capital Partners is shuttering its doors after 11 years. The hedge fund – founded by Deutsche Bank AG traders – blamed…

Carl Icahn is Relocating his Office to Miami (and More People on the Move)
September 13, 2019

Carl Icahn relocates, Aberdeen Standard Has New Reseach Head, and Blackstone Adds a New Director Carl Icahn is moving his hedge fund to Miami to capture better tax benefits. The…

Dubai residential property is much cheaper than Hong Kong, London, and New York
September 13, 2019

On a global basis, Dubai real estate is relatively quite affordable In an analysis of the city’s real estate market, Knight Frank has drawn an interesting comparison: in Dubai, $1…