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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Liquid Alternatives: Picton Mahoney Acquires Five Funds from Vertex One
October 23, 2019

Picton Mahoney Asset Management will acquire a clutch of alternative investment funds from Vancouver-based Vertex One Asset Management Inc. Picton Mahoney will henceforth function as the investment and portfolio manager…

Revolut and Mastercard To Partner On US Debit Cards
October 23, 2019

Revolut, the digital challenger bank, and fintech unicorn have tied up with Mastercard for US debit cards. Mastercard will handle Revolut’s debit cards when they launch in the US sometime…

Credit Suisse Will Charge Large Depositors for Cash Deposits
October 22, 2019

Negative interest rates have forced Credit Suisse to charge interest on Swiss Franc balances in customers’ accounts above a certain level. Effective November 15 (for business clients) and January 1,…

Globally, ESG Derivatives Are Taking Off
October 22, 2019

ESG (environmental, social, and governance) based derivatives are ramping up volumes globally, raising expectations for innovative new products.

Thailand’s Biggest Mutual Fund Embraces Artificial Intelligence to Avoid Being Disrupted
October 22, 2019

SCB Asset Management Company, the largest mutual fund company in Thailand, wants to offer new funds using AI technology. SCB Asset will utilize cutting-edge tools such as artificial intelligence, data…

Liquefy to Digitize the Landmark Mayfair Luxury Hotel
October 22, 2019

Hong Kong-based Liquefy will be the provider for a consortium of Gulf families on a real estate digital securities project. The program has $1 billion worth of real estate assets…

Dominion Energy Transfers Stake in Cove Point to Brookfield Asset Management
October 21, 2019

Dominion Energy has entered an agreement with Brookfield Super-Core Infrastructure Partners. The latter is an infrastructure fund managed by Brookfield Asset Management (BAM).

Fidelity Ramps Up Crypto Trading and Custody Business
October 21, 2019

Boston-based financial group Fidelity thinks there is a profitable business to be made out crypto custody services and trading. It may be a smart move because there is a crying…

AllFunds Reaches New Partnership With BNP Paribas
October 21, 2019

AllFunds has announced a partnership with BNP Paribas. According to terms, BNP is taking a 2.5% stake in the world’s largest fund distribution network.

Cars with Blockchain-Based IDs Will Become Wallets (Maybe Even Cryptos)
October 21, 2019

With a blockchain ID, your electric car could soon become a mobile wallet and pay for tolls, parking, and charging – no cash or cards needed. BMW, General Motors, Honda,…