News

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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Ardevora Asset Management to Shut Its Trading Desk
November 4, 2019

Ardevora Asset Management will shutter its desk and outsource its trading and execution to Northern Trust. The TRADE first reported the development on Friday. 

Brown Advisory Launches Global Leaders Sustainable Fund
November 4, 2019

Brown Advisory has announced the launch of the Global Leaders Sustainable Fund under its Irish domiciled UCITS umbrella. The $76 billion company said that the new UCITS Fund adds environmental,…

CPPIB to Buy Pattern Energy Group for $2.63 Billion
November 4, 2019

The Canada Pension Plan Investment Board (CPPIB) announced plans to buy Pattern Energy Group for $2.63 billion. CPPIB announced details of the deal for the renewable energy giant on Monday….

Leon Cooperman: Stop Vilifying Billionaires
November 4, 2019

Hedge fund manager tears up while discussing the political divide Hedge fund manager Leon Cooperman teared up on CNBC Monday while discussing his spat with Elizabeth Warren. The U.S. Senator…

Berkshire Hathaway Beats Earnings Despite Global Economic Woes
November 3, 2019

Berkshire Hathaway reported earnings on Saturday (more on why in a moment). Warren Buffett’s firm announced that profits topped Wall Street expectations thanks to resilient consumer spending. The firm’s success…

Simplifya Exec John Vardaman: Cannabis and Banking Bring Transparency
November 1, 2019

Simplifya executive John Vardaman says that the Federal status of cannabis laws make it one of the most transparent industries for banking.

Jeremy Corbyn Takes Shot at Crispin Odey
November 1, 2019

Jeremy Corbyn has launched his campaign for Prime Minister ahead of a December 12 snap election. The British Labour leader used his campaign launch to take shots at Crispin Odey….

ABI Research: U.S. Represents 52.3% of All Artificial Intelligence Investment
November 1, 2019

ABI Research said this week that the United States is the top market for investment in artificial intelligence. According to the study, the U.S. represented 52.3% of all AI investment…

Breaking Down Ares Management and Its Earnings Report
November 1, 2019

Ares Management Corporation reported earning this week. Revenue grew by 94% to $466.5 million year-over-year. Earnings per share came in at $0.23. That figure represented a 153% increase over last…

Key Takeaways from Investor Day at Brookfield Asset Management
November 1, 2019

Brookfield Asset Management held its Investor Day recently. Management made a few things very clear. First, if interest rates remain low, investors will have no alternative except alternative investments.