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."
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