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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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Leon Cooperman Writes Scathing Letter to Senator Elizabeth Warren
November 1, 2019

Leon Cooperman rips Elizabeth Warren in new letter for ‘soak-the-rich positions,’ and treating him like ‘an ungrateful child’

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Nelson Peltz Sells 2.1 Million Shares of P&G Stock
November 1, 2019

Activist investor Nelson Peltz has sold about $267 million in Proctor & Gamble stock over three days. The CEO of the Trian Fund dropped about 2.1 million shares. 

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Carlyle Group Reports Third Quarter Earnings
October 31, 2019

CG stock dipped 0.87% on Thursday Carlyle Group third-quarter earnings arrived on Thursday. In a statement, the global investment giant released its unaudited results for the period ending September 30, 2019. U.S….

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Alan Howard Steps Down from His Post
October 31, 2019

Alan Howard, the founder of Brevan Howard Asset Management, is stepping down from his role as CEO. According to reports, Aron Landy, the firm’s chief risk officer, will assume the…

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Activist Bill Ackman: WeWork is Worth “Zero”
October 31, 2019

Activist Bill Ackman thinks that WeWork might be worthless. During a talk at the Robin Hood investor conference, the hedge fund manager raised concerns about the work-sharing firm’s balance sheet.

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Preqin: Hospitality REITs Looked Strong in 2018
October 31, 2019

A new Preqin report is out. Preqin joined asset manager Pro-invest Group to track the performance of the hospitality REIT industry. The result is a new study showing the sharp…

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Melvin: Digesting KKR Earnings for Q3
October 30, 2019

KKR earnings came out this week. If you read the headlines surround the recent earnings report form KKR and Company (KKR), you would think the world had ended for the private…

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Illinois Teachers’ Retirement System Bets Big on Alternatives
October 30, 2019

Illinois Teachers’ Retirement System is preparing to allocate about $1.4 billion toward alternative investment strategies. A report from Pension and Investments outlines the commitments from the teachers’ pension program. According to the…

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Bakkt To Roll Out Bitcoin Options Before CME; Launch Date December 9
October 30, 2019

Bakkt will gain a lead on CME Group in the race to offer the first regulated options contract for bitcoin futures. Bakkt is the all-new ICE-sponsored Bitcoin exchange. Bakkt’s bitcoin…

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After Bulgari And Dior, Arnault Wants to Add Jeweller Tiffany to the LVMH Luxury Crown
October 30, 2019

Tiffany & Co., the iconic US jeweler that featured in the Audrey Hepburn starrer Breakfast at Tiffany’s, has received a takeover offer from LVMH. LVMH is the owner of the…

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