NewsEach 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.
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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New York’s DFS, a financial regulator, will investigate whether the Apple Card differentiated between men and women over credit limits. Apple co-founder Steve Wozniak has accused the Apple Card of…
Occidental Petroleum took a shot from activist investor Carl Icahn in more ways from one. Icahn slashed his stake in the company and threatened to launch a proxy fight.
The Canada Pension Plan Investment Board (CPPIB) is selling stakes in two American prison companies. ESG expectations and concerns about reputational risk fueled the divestitures.
Review of The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution by Gregory Zuckerman.
Renaissance Technologies and its founders have received a worthy biography. The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution is the latest book by Gregory Zuckerman.
Stephen Schwarzman, who runs Blackstone Group, thinks the Walgreens Boots privatization might be just too big. “It’s a huge stretch doing things over $50 billion,” Schwarzman remarked at a New…
The Alaska Permanent Fund filed its report for the first fiscal quarter of 2020. The largest U.S. state sovereign wealth fund reported earning returns of 1.24%. That exceeded its benchmark…
MagicLab, a developer of dating and social networking apps, has a new beau. Private equity giant Blackstone Group is buying a $3 billion stake in the company. MagicLab’s properties include Bumble…
The California State Teachers’ Retirement System (CalSTRS) announced its latest asset allocation shifts this week. The $242 billion dollar scheme is shifting assets away from traditional equities.
Nielsen Holdings has announced plans to split itself into two separate public companies. The plan – backed by Elliott Management – will unlock shareholder value.
Private equity firm OpenGate Capital’s Second Institutional Fund raised $585 million versus a target of $450 million. The enthusiastic support for OpenGate’s second institutional fund came from 23 investors located…