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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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Fintech: M&A In the Fintech Space Will Heat Up

One of the clear winners, if there is such a thing of the current economic situation, will be fintech companies. And we can expect to see a wave of fintech M&A as a result. There was already a trend towards digital platforms in the financial services industry. Now it’s just accelerating. Even those who prefer a hands-on face-to-face meeting on financial matters are turning to online platforms. They have to do so. Many banks are only offering drive-through services. This means more complex transactions are moving online. Why Fintech M&A Will Heat Up The shift to increased digital use in financial services will also accelerate the fight between incumbent banks, brokerages, and insurance companies to capture market share in a new digital marketplace. Underfunded startups will struggle. They lack the ability to spend billions of dollars a year like their larger financial counterparts. The smaller firms will also need to find funding sources to survive until economic activity begins to normalize. Fintech companies also have to be very careful about execution risk right now. Consider Robinhood, the online brokerage firm. Their system failed as markets became disrupted by the spread of the coronavirus virus in the United States. The future…

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The Canada Pension Plan Investment Board Pulls the Plug on U.S. Prison Firms
November 11, 2019

The Canada Pension Plan Investment Board (CPPIB) is selling stakes in two American prison companies. ESG expectations and concerns about reputational risk fueled the divestitures.

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Review of The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution by Gregory Zuckerman.
November 9, 2019

Renaissance Technologies and its founders have received a worthy biography. The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution is the latest book by Gregory Zuckerman. 

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Schwarzman Adds To Skepticism Around The Walgreens Boots LBO
November 8, 2019

Stephen Schwarzman, who runs Blackstone Group, thinks the Walgreens Boots privatization might be just too big. “It’s a huge stretch doing things over $50 billion,” Schwarzman remarked at a New…

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Alaska Permanent Fund Beats Benchmark Yet Again
November 8, 2019

The Alaska Permanent Fund filed its report for the first fiscal quarter of 2020. The largest U.S. state sovereign wealth fund reported earning returns of 1.24%. That exceeded its benchmark…

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Blackstone Group is Getting into the Dating Game
November 8, 2019

MagicLab, a developer of dating and social networking apps, has a new beau. Private equity giant Blackstone Group is buying a $3 billion stake in the company. MagicLab’s properties include Bumble…

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What’s Inside The California State Teachers’ Retirement System Portfolio?
November 8, 2019

The California State Teachers’ Retirement System (CalSTRS) announced its latest asset allocation shifts this week. The $242 billion dollar scheme is shifting assets away from traditional equities.

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Elliott Management Supports Split of Nielsen Holdings
November 8, 2019

Nielsen Holdings has announced plans to split itself into two separate public companies. The plan – backed by Elliott Management – will unlock shareholder value.

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OpenGate Capital’s Second Institutional Fund Closes With a Flourish
November 8, 2019

Private equity firm OpenGate Capital’s Second Institutional Fund raised $585 million versus a target of $450 million. The enthusiastic support for OpenGate’s second institutional fund came from 23 investors located…

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Default Contagion Out of Emerging Markets Could Take Down This ETF
November 8, 2019

The iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has had a dream run so far, but it may be time to cash in. An article by Harrison Schwartz…

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BofAML: Assets at European ESG Equity Funds Could Rise by €1 Trillion
November 8, 2019

Regulatory compulsions and structural trends will boost assets under management at ESG equity funds in Europe, say BofAML analysts. In their study titled “ESG Matters – Europe: Great for the…

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