Business > U.S.
Short seller Chanos betting against data centers
1 month ago | By The Real Deal New York
Data centers may be quaking in their 0s and 1s after a major hedge fund manager revealed his big bet against legacy properties in the sector. Short seller Jim Chanos is raising hundreds of millions of dollars for a fund that will take short positions in U.S.-listed REITs, the Financial Times reported. Chanos, president and founder of Chanos & Company LP known for predicting the collapse of Enron more than 20 years ago, is using
Read more ...
Legendary investor Jim Chanos is raising over $200 million for a 'big short' against data centers
1 month ago | By Business Insider
Jim Chanos. CNBC/Getty
Jim Chanos is raising more than $200 million to bet against REITs that own data centers.
The short seller expects them to be disrupted by their key tenants: Amazon, Alphabet, and Microsoft.
"This is our big short right now," he told the Financial Times.
Jim Chanos is raising more than $200 million for a fund that will bet against US-listed real estate investment trusts , the Financial Times reported this week. The famed short seller is deeply bearish on REITs that own legacy data centers, as he expects them to be disrupted by their biggest tenants: Amazon, Alphabet...
Read more ...
Search by Tags
U.S. Commercial Real Estate Home Page Data Centers Industrial Real Estate RE stocks REITS Tech Technology Industry Markets MI Exclusive Stocks Jim Chanos Kynikos Associates REIT Cloud Computing Short Selling Real Estate Microsoft Azure Amazon Web Services Google Cloud Chanos & CompanyFederal judge blasts 3M in handling of military earplug litigation
Johnson & Johnson to stop selling talc-based baby powder as cancer lawsuits...
J&J said Thursday that it had made the “commercial decision” to transition all its baby powder products to use cornstarch instead. Read more ...
Provincetown restaurants shut down amid sewer emergency; ‘This comes at one...
Visitors hoping to enjoy some lobster and other classic staples in Provincetown were turned away on Thursday, as the town's sewer emergency caused restaurants to shut down... Read more ...
U.S. Unemployment Claims Rise To Highest Level Since November
Applications for jobless aid climbed by 14,000 to 262,000 and now have risen five out of the last six weeks, the Labor Department reported. Read more ...
Bruce Beal is likely out as next Dolphins owner
Stephen Ross apparently will no longer be handing the reins to Bruce Beal as the next owner of the team. Ben Fischer of Sports Business Journal reports that Ross has taken... Read more ...
US Mobile P2P Payments Forecast
US Mobile P2P Payments Forecast Read the original article on Business Insider Read more ...
Kim Strassel Reacts To AG Merrick Garland Personally Signing Off On Trump...
Listen To The Full Interview Below: Kim Strassel, Potomac Watch columnist for Wall Street Journal editorial page & Fox News Contributor joined the Guy Benson Show to react to... Read more ...
Elton John Wraps Up Final Chicago Concert 52 Years After First As Farewell...
Elton John put on a clinic in live performance, making what's billed as his final performance in Chicago at Soldier Field as his 'Farewell Yellow Brick Road' tour winds down. Read more ...
One of Frank Lloyd Wright's final designs hits market for $4.2M in CA
Built in 1961, the 4,041-square-foot California property - better known as the Fawcett Farm - was constructed for a farmer named Randall “Buck” Fawcett. Read more ...
Putin's war hurls Russian economy back 4 years in one quarter
In a bleak tally of the war for Russia, an economy that was picking up speed at the start of 2022 swung into a contraction during the second quarter. Read more ...