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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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Bakkt To Roll Out Bitcoin Options Before CME; Launch Date December 9
October 30, 2019

Bakkt will gain a lead on CME Group in the race to offer the first regulated options contract for bitcoin futures. Bakkt is the all-new ICE-sponsored Bitcoin exchange. Bakkt’s bitcoin…

After Bulgari And Dior, Arnault Wants to Add Jeweller Tiffany to the LVMH Luxury Crown
October 30, 2019

Tiffany & Co., the iconic US jeweler that featured in the Audrey Hepburn starrer Breakfast at Tiffany’s, has received a takeover offer from LVMH. LVMH is the owner of the…

Corporates and Banks Rejoice: Bottomline Launches Real Time Payments
October 30, 2019

Fintech firm Bottomline Technologies enhances its Digital Banking product with the addition of a Real-Time Payments module. Real-time payments are essential these days to a bank’s competitiveness, particularly in the…

KKR & Co Reports 23% Drop in Quarterly Profits
October 29, 2019

KKR & Co announced a 23% year-on-year decline in quarterly profits today. The firm’s report showed a dip in revenue as asset sales slow among private equity firms. Overall, post-tax…

PwC Report Tackles Third-Quarter Deal Flow
October 29, 2019

A new PwC report is out with a look at third quarter 2019 deal flow. Technology deal volume fell by 46% when compared to the second quarter. Because the first…

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…