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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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Emission-Free Friday: Here are the Latest Funds to Push for Carbon Neutral

Carbon emissions dominated the headlines this week. The European Commission has announced an ambitious plan to shift toward a green economy and make the EU carbon-neutral in the year ahead. The plan will cost at least one trillion euros over the next decade, require 25% of the EU budget, and involve a mix of private and public funds. EU chief Ursula von der Leyen called the project unprecedented.

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CFTC Chairman: Ethereum is a Commodity
October 10, 2019

CFTC Chairman Heath Tarbert has said that Ethereum is a commodity. During a talk at the Yahoo! Finance All Markets Summit, the CFTC chair said he doesn’t think ether is…

LGPS Launches Climate Change Strategy
October 10, 2019

LGPS Central has announced the launch of a multi-factor equity fund. The manager of pooled assets from nine British public sector pension funds say that climate change sits at the…

Bitwise Unfazed by SEC Rejection; Intends to re-file soonest
October 10, 2019

The SEC rejected the Bitcoin ETF proposed by Bitwise Asset Management and NYSE Arca. But Bitwise welcomed the detailed feedback and additional clarity. Though the SEC rejected the Bitwise ETF,…

Senators strong-arm Visa, Mastercard, and Stripe on Libra: “…expect a high level of scrutiny.”
October 10, 2019

Facebook’s Libra stablecoin project received another jolt when US Senators wrote an “or…else” letter to certain Libra Association members. Senators Brian Schatz (D-HI) and Sherrod Brown (D-OH) wrote to the…

Refinitiv: Sovereign Wealth Funds Put $24.6 Billion into Q3 M&A Deals
October 10, 2019

Sovereign wealth funds injected $24.6 billion into deals during the third quarter, according to a report at Reuters. Citing data from Refinitiv, the author counted 49 deals. That figure is…

Pepsi Issues Its First ‘Green Bonds;’ These Align With UN Sustainable Development Goals
October 10, 2019

Pepsi issued $1 billion in senior notes due 2049, at a coupon of 2.875%, payable semiannually. This new debt offering is the first of Pepsi’s green bonds. Pepsi will use…

PitchBook-NVCA Venture Monitor: VC Investing Declined in Third Quarter
October 10, 2019

PitchBook-NVCA Venture Monitor released its examination of venture capital flows for the third quarter of 2019. The report says that American VC shops invested $28.2 billion in 2,265 transactions during…

SEC Rejects Bitcoin ETF Proposal from Bitwise
October 10, 2019

The Securities and Exchange Commission (SEC) rejected Bitwise Asset Management’s efforts to launch a bitcoin exchange-traded fund (ETF). The agency said that Bitwise’s proposal failed to meet legal requirements tied…

Stanford University Endowment Fund Reports 6.5% Gain
October 9, 2019

The fund outperformed the median results of peers The Stanford University Endowment Fund released its investment results last week. For the 12 months ending June 30, 2019, Stanford Management Company…

Are Mutual Fund Managers Signaling A Selloff?
October 9, 2019

The Investment Company Institute released weekly data on mutual funds and exchange traded funds (ETFs) on Wednesday. The data suggest that fund managers are very concerned about the U.S. economy,…