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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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Bank of America Joins the Zero-Commission Wars
October 21, 2019

Bank of America has joined the chorus of brokerages to slash commissions to zero through its Merrill Edge Self-Directed platform. The company said Monday that it will expand its zero-dollar to…

Deutsche Bank Adds ESG ETF through DWS
October 21, 2019

Deutsche Bank has bolstered its “responsible” investment offerings through its asset management arm, DWS. The money manager will provide exposure to emerging markets with an ETF tied to environmental, social…

Alternative Mutual Fund: Gabelli ABC Fund – Class AAA (GABCX) Merger Arbitrage Fund
October 21, 2019

An analysis published by Josh Ortner in Seeking Alpha draws attention to Gabelli ABC AAA GABCX, a merger arbitrage fund managed by Mario J Gabelli. Since 1994, the fund has…

The Oldest Tea Company in the World is Going Hi-Tech with AI and Drones
October 21, 2019

Assam Company India Limited (ACIL) is using technology to improve traceability, productivity, and crop spraying safety at its tea gardens. Imagine this. You enjoy a cup of the legendary Assam…

Libra May Change to Many Country-Specific Stablecoins
October 21, 2019

The Libra stablecoin, which is to be backed by a basket of fiat currencies, may change its model. David Marcus, Libra’s head, revealed this at a banking seminar. “We could…

Tim Melvin: The Case for Private Equity Replication
October 20, 2019

Private equity replication represents a unique opportunity for investors to avoid the high costs of PE investment. Forbes Magazine recently ran a story about the high barriers to entry for…

Howard Marks: The Negative Interest Rates Memo
October 18, 2019

Howard Marks has released his latest memo. In the lengthy memo marked “Re: Mysterious,” he talks about the impact of negative interest rates. More importantly, he talks about how little…

AT&T and Activist Elliott Management Said to Be in Talks
October 18, 2019

According to the sources, AT&T and Elliott Management have held discussions, and there is an ongoing dialogue. The two parties may likely agree as early as this month, the Wall…

Medtronic Launches the First Ever Artificial Intelligence-Based System for Colonoscopy
October 18, 2019

Medtronic’s GI Genius Intelligent Endoscopy Module uses artificial intelligence to detect colorectal polyps. Medtronic has taken a major step forward in the fight against colorectal cancer through intelligent endoscopy. Colorectal…

“What’s Next? Investment Trends for the Future” – A New Study Gauges the Institutional View Three Decades Into the Future
October 18, 2019

The poll explores institutional investors’ sentiment and allocations regarding the dominant economic trends in the global economy. Investcorp, a leading global provider and manager of alternative investment products, conducted the…