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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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Leeds Equity Partners Buys VitalSmarts from TwentyEighty
October 1, 2019

Leeds Equity Partners has acquired VitalSmarts from TwentyEighty. Vital Smarts is a provider of communication, execution, and, leadership development training.

Artificial Intelligence: Novartis And Microsoft Team Up to Transform Global Medicine
October 1, 2019

Novartis announced its plan for founding the Novartis AI innovation lab in collaboration with Microsoft as the AI and data-science partner. The Novartis-Microsoft alliance will “reimagine medicine” and boost Novartis’…

Credit Suisse Asset Management Makes ESG Announcement
October 1, 2019

Credit Suisse Asset Management announced plans to adopt ESG factors into all of its investment decisions. The firm said that any fund with more than CHF 20 billion in assets will…

RBC Global Asset Management has launched the RBC BlueBay Global Bond Fund
October 1, 2019

RBC Global Asset Management has launched the RBC BlueBay Global Bond Fund. The company calls it “a globally diversified fixed-income fund designed as a core portfolio holding for U.S. investors.”

Vermont’s Green Mountain Power Divests from Fossil Fuels
October 1, 2019

Green Mountain Power announced that its pension fund will completely divest from fossil fuel companies. Last week, the company’s leadership finalized the reallocation of roughly $13.5 million of its $180…

The DailyAlts PlayBook – October 1, 2019
October 1, 2019

Today, the DailyAlts Playbook talks Trump’s approval rating, Tom Barrack’s dealmaking, and why the Pope is worried about robots.

Revolut Taps Visa to Expand Its Global Market Reach
October 1, 2019

European fintech giant Revolut has announced a deal with Visa to expand its global reach. In a statement, the firm said it will leverage Visa’s brand, scale, and global acceptance footprint…

Colony Capital Sells NorthStar Reality Europe
October 1, 2019

Colony Capital had a busy week. Not long after the firm announced the sale of Colony Industrial to Blackstone Group, the firm followed up on another deal.

The New Crypto Rating Council Will Assess Digital Assets
October 1, 2019

The Crypto Rating Council, launched by big crypto exchanges, will assess digital assets to ascertain if they qualify as securities.

Brookfield Asset Management Buys 61.2% of Oaktree Capital Management
October 1, 2019

Brookfield Asset Management has acquired 61.2% of Oaktree Capital Group. According to terms of the deal, Brookfield acquired all of the outstanding Oaktree class A units. It also acquired approximately…