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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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Digital Assets: Ray Dalio – Cash is trash; BTC is Untouchable; Libra Maybe; Stocks are Good; Gold is Best

Ray Dalio, a long time bitcoin sceptic, again panned the cryptocurrency at Davos. Cash is trash; BTC is Untouchable; Libra Maybe; Stocks are good; Gold is Best, he said.

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Are Climate Change Disclosure Lawsuits Coming for Asset Managers
November 18, 2019

Mark McVeigh is an environmental scientist from Australia. Although he will not have access to his retirement funds until 2055, he is suing his pension fund. 

Icahn Capital, Berkshire Hathaway and the Battle Over Occidental  
November 18, 2019

Icahn Capital and Berkshire Hathaway were among the asset managers to release 13Fs last week. While Warren Buffett boosted his stake over Occidental Petroleum, Carl Icahn faced a setback in…

ExodusPoint Will Reopen and Raise Another $2 Billion
November 18, 2019

ExodusPoint Capital Management will reopen its arms in 2020 to add a few billion to its AUM. The hedge fund was the industry’s largest in 2018 at $8 billion.

Fundstrat’s Lee: Bitcoin ETF Workable Only at $150,000
November 18, 2019

Fundstrat’s Tom Lee, a Bitcoin perma-bull, says the crypto would have to rise to $150,000 to support ETF-like volumes. ETF-wishers should, therefore, pray for Bitcoin to rise nearly 18 times…

Hedge Fund Scandal Triggers Run on South Korean Firms
November 18, 2019

South Korea hedge funds are experiencing the worst run on assets in history. A scandal at Lime Asset Management has fueled outflows on local hedge funds.

Walmart Canada To Roll Out World’s Largest Blockchain For An Industrial Application
November 18, 2019

Walmart Canada and blockchain company DLT Labs collaborated to develop the retail giant’s automated freight tracking and payments system. The new blockchain-based logistics system will use distributed ledger technology. It…

Another Shot to Icahn – HP Rejects Xerox Takeover Bid
November 18, 2019

Carl Icahn and Xerox will have to do more to convince HP to accept a takeover bid. On Sunday, HP’s board of directors rejected an unsolicited $22 per share offer…

Weekend Conversation: Neocova Co-Founder and CEO Sultan Meghji
November 16, 2019

Five years ago, Neocova Co-Founder and CEO Sultan Meghji worked on an aid mission in Africa to improve financial services in Africa and other emerging markets. The primary goal was…

RIA Deal Fervor Continues: Bluespring Wealth Acquires Vector Wealth Management
November 15, 2019

Founded in 1993, Vector Wealth Management is a wealth management and financial advisory RIA located in Minneapolis. The $1.1 billion firm was acquired by Bluespring Wealth Partners, as announced Thursday,…

Lazard to Launch Venture and Growth Banking Unit in London
November 15, 2019

The firm hires two key executives to lead European initiatives Lazard has hired two Numis executives to launch a new group in Europe. The team will focus on European private…