Billionaire investor Carl Icahn is placing a big bet against struggling malls, report says
His trades have pitted him against Putnam Investments and AllianceBernstein Holding LP, two of the largest money managers, according to the report
Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016.Billionaire investor Carl Icahn is placing a $400 million bet against struggling malls, taking on two of the largest investment firms,Icahn stands to make millions if mall owners are unable to pay off their debts, people familiar with the matter told the Journal. Icahn has placed his bet in recent months and suffered early losses, sources told the publication.
Dan McNamara, a principal at MP Securitized Credit Partners, a New York hedge fund, told the Journal it was "the biggest battle in the mortgage bond market today."
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Carl Icahn urges U.S. SEC to 'rethink' proposed rule change for proxy advisersBillionaire activist investor Carl Icahn on Monday urged the U.S. Securities Exc...
Baca lebih lajut »
Carl Icahn urges U.S. SEC to 'rethink' proposed rule change for proxy advisersBillionaire activist investor Carl Icahn on Monday urged the U.S. Securities Exc...
Baca lebih lajut »
Billionaire wealth is 'obscene': UK's left-wing opposition party targets the super-richThe U.K.'s opposition Labour party has taken aim at the country's billionaires, saying that the super-rich and big corporations have bankrolled the ruling Conservative Party in return for tax breaks.
Baca lebih lajut »
TikTok owner ByteDance plans to launch music streaming: FTTikTok owner Beijing ByteDance Technology Co Ltd is in talks with big music labe...
Baca lebih lajut »