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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Steve Cohen Looks to Boost Stake As MLB Team Owner

As uber-rich private equity and hedge fund billionaires are homing in on sports franchises, Steve Cohen is negotiating to up his current 8% stake in the Mets to 80%. Cohen paid $20 million for that stake in 2012.

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M&A Deal News – September 26, 2019
September 25, 2019

M&A Deal News – September 26, 2019 Each day, we focus on M&A deal news in the private equity, real estate, AI and tech, and others impacting the alternative investment…

Altria and Philip Morris call off $200B merger; Juul’s CEO replaced by Altria Exec
September 25, 2019

Juul, the maker of e-cigarettes, had its CEO replaced amidst the current controversy surrounding its products. A string of deaths, apparently due to the use of e-cigarettes, led Juul to…

Elliott Management Tells Marathon Oil to “Split Into Three”
September 25, 2019

Paul Singer owned Elliott Management, an activist investor, sent a letter and presentation to Marathon Petroleum. Elliott Management demanded of Marathon’s board that the company split into three separate businesses,…

REITs Remain Undervalued, Misunderstood
September 25, 2019

Community Bank and REIT analyst Tim Melvin explains why you need to own more real estate.    

Australian Watchdog Orders Audit of Paypal for Lapses in Money Transfers
September 25, 2019

Austrac suspects that Paypal had not met reporting obligations regarding anti-money laundering and counter-terrorism financing laws. An external auditor will conduct Austrac’s audit of Paypal and report to Austrac within…

Activist Investors Push Out eBay CEO Devin Wenig
September 25, 2019

CEO cites disagreements with his board as activist pressures intensify Activist investors have pushed out CEO Devin Wenig. In a Tweet marked Wednesday, Wenig cited disagreements with fellow board members…

Some Hedge Funds and Airlines to Gain from Thomas Cook’s Collapse
September 23, 2019

Hedge funds that used credit default swaps to bet on Thomas Cook’s collapse will make a lot of money. The 178-year old travel operator, Thomas Cook’s collapse, will lead to…

WeWork CEO Adam Neumann Steps Down; Company May Cut 5,000 Jobs
September 23, 2019

WeWork’s founder and chief executive officer has stepped down as CEO but will continue as non-executive chairman. WeWork’s Adam Neumann said he had decided it was in the best interest…

WeWork CEO Neumann facing boardroom coup?
September 23, 2019

WeWork CEO Adam Neumann may be forced out if some members of his company’s board have their way, reports Bloomberg. According to unnamed sources, SoftBank Group head honcho Masayoshi Son…

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.