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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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Canadian Listed ETF Assets Race Past the $200B Mark

Canadian ETFs have put on a powerhouse performance this year, crossing the $200 billion mark by end November.

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Allworth Financial Buys RAA and Expands U.S. Reach
October 29, 2019

Allworth Financial is purchasing RAA, one of the country’s largest financial planning firms specializing in the airline industry. Based in Dallas, RAA manages roughly $2.8 billion of client assets. This…

Crestline Opportunity Fund III Europe Closes
October 29, 2019

Crestline Investors has announced the final closing of its first European Opportunity Fund. The credit-focused institutional alternative asset manager has called the fund the Crestline Opportunity Fund III Europe.

Apollo Global Doubles Stake in Athene Holding
October 29, 2019

Apollo Global Management will buy an 18% stake in Athene Holding (NYSE: ATH). The $1.55 billion deal will see Apollo double its stake to roughly 35%. The purchase comprises about…

Volatility and Returns: The New CIBC Income Pools Manage Both
October 29, 2019

CIBC Asset Management launches a suite of three Fixed Income Pools that provide access to advanced bond strategies. The new CIBC Fixed Income Pools access leading portfolio managers from around…

Fintechs Across The Asia Pacific Can Go Global Using The Visa-Marqeta Alliance
October 28, 2019

Visa and Marqeta have partnered to offer fintechs in Australia, Hong Kong, Japan, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, and Vietnam a new way to themselves internationally accepted. Fintechs…

Ken Fisher: No Layoffs Coming to Fisher Investments
October 28, 2019

Ken Fisher – the embattled money manager – has seen outflows of roughly $3 billion. The swell of outflows comes weeks after he made a series of remarks during an…

Prologis and Liberty Property Trust Announce REIT Merger
October 28, 2019

Prologis and Liberty Property Trust announced a merger between the two firms. According to deal terms, Prologis will acquire Liberty $12.6 billion, including the assumption of debt. The board of…

UBS’ Walsh on ESG: ETFs Can’t Be Subject to A Standard ESG Definition
October 28, 2019

Andrew Walsh is head of passive and ETF specialist sales for UK and Ireland at UBS Asset Management. He gave a pertinent example of the difficulty of applying a standardized,…

JPMorgan Asset Management Closes $1.06 Billion Special Situations Fund
October 28, 2019

More than half of investors are first-time investors in a J.P. Morgan Alternatives fund. JP Morgan Asset Management closed its Lynstone Special Situations fund. The fund raised $1.06 billion for…

AT&T Defuses Hedge Fund Elliott Management Pressure With Three-Year Plan
October 28, 2019

Activist hedge fund Elliott Management took aim at AT&T Corporation in September. Elliott had proposed cost cuts, divestment of certain businesses, and a freeze on further acquisitions. Now, the telecom giant…