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: UAE a Flag-bearer for Blockchain Technology Deployment

The UAE is a Flag-bearer for Blockchain Technology Deployment. A joint white paper has been issued by the World Economic Forum and the United Arab Emirates’ Centre For The Fourth Industrial Revolution. Titled “Inclusive Deployment of Blockchain: Case Studies and Learnings from the United Arab Emirates,” the paper provides global decision-makers insights into the UAE’s experience with blockchain implementation.

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Cambridge Taps Tilly Franklin as New Endowment CIO
August 15, 2019

Franklin replaces Nick Cavalla, who left in 2018 for Talisman Global Asset Management. Tilly Franklin is the new CIO of the University of Cambridge’s £3.2 billion endowment fund. The role…

Softbank-Backed Brazilian Fintech Looks to Boost Resources and Innovation
August 15, 2019

São Paulo-based secured lending platform Creditas announced a $231 million funding round on July 10 that values the fintech at $750 million. The funding round is led by SoftBank Group….

Lapis Advisers Pressures University on Technical Default
August 15, 2019

Bethune-Cookman University, in technical default on bonds worth $17 million, is under fire from hedge fund Lapis Advisers, the largest holder of those bonds Lapis Advisers and bond trustee U.S….

Pershing Square Bets on Warren Buffett
August 15, 2019

Bill Ackman’s secret investment we discussed last week was just a big bet on Berkshire Hathaway Pershing Square Capital Management has made a passive investment on Warren Buffett. A new…

P2P lending platform Mintos Clocks Over €3 Billion in Loans Given
August 15, 2019

Mintos is stepping up the pace on its lending activities with over €1 billion in loans advanced since April of this year The platform provides a large cross-section of loans…

Softbank Vision Fund Makes its Maiden Investment in an Energy Firm
August 14, 2019

Softbank’s Vision Fund, known for its massive bets on tech companies such as Uber, WeWork and Slack, has invested $110 million in Swiss energy startup Energy Vault. Energy Vault pioneered…

Argentina’s Stock Rout Hammers Newfoundland Capital Management
August 14, 2019

Newfoundland Capital Management, a Brazilian asset manager, had $300 million in a long-only fund that invested heavily in Argentine stocks The fund’s losses could be substantial given that Argentina’s key…

New SEC Regulations Will Increase Investor Participation in Alternatives
August 14, 2019

The SEC’s revamp would be a boon for financial advisors who are already seeing increasing demand for investment opportunities in alternatives. According to Lawrence Calcano, CEO of iCapital, the $40…

Coinbase Loses Barclays Banking Services
August 14, 2019

Barclays reportedly ends its relationship after less than 20 months. Coinbase, one of the world’s largest cryptocurrency exchanges, is looking for a new provider of banking services. Coindesk reported Wednesday that…

RBC Junior Analyst Bill Tsai Faces Insider Trading Charges
August 12, 2019

The recent NYU grad concealed a trading account from RBC Capital markets. He faces one count of securities fraud that carries a maximum 20-year prison term. Bill Tsai was new…