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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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Alternative Mutual Fund: Gabelli ABC Fund – Class AAA (GABCX) Merger Arbitrage Fund
October 21, 2019

An analysis published by Josh Ortner in Seeking Alpha draws attention to Gabelli ABC AAA GABCX, a merger arbitrage fund managed by Mario J Gabelli. Since 1994, the fund has…

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The Oldest Tea Company in the World is Going Hi-Tech with AI and Drones
October 21, 2019

Assam Company India Limited (ACIL) is using technology to improve traceability, productivity, and crop spraying safety at its tea gardens. Imagine this. You enjoy a cup of the legendary Assam…

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Libra May Change to Many Country-Specific Stablecoins
October 21, 2019

The Libra stablecoin, which is to be backed by a basket of fiat currencies, may change its model. David Marcus, Libra’s head, revealed this at a banking seminar. “We could…

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Tim Melvin: The Case for Private Equity Replication
October 20, 2019

Private equity replication represents a unique opportunity for investors to avoid the high costs of PE investment. Forbes Magazine recently ran a story about the high barriers to entry for…

Howard Marks: The Negative Interest Rates Memo
October 18, 2019

Howard Marks has released his latest memo. In the lengthy memo marked “Re: Mysterious,” he talks about the impact of negative interest rates. More importantly, he talks about how little…

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AT&T and Activist Elliott Management Said to Be in Talks
October 18, 2019

According to the sources, AT&T and Elliott Management have held discussions, and there is an ongoing dialogue. The two parties may likely agree as early as this month, the Wall…

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Medtronic Launches the First Ever Artificial Intelligence-Based System for Colonoscopy
October 18, 2019

Medtronic’s GI Genius Intelligent Endoscopy Module uses artificial intelligence to detect colorectal polyps. Medtronic has taken a major step forward in the fight against colorectal cancer through intelligent endoscopy. Colorectal…

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“What’s Next? Investment Trends for the Future” – A New Study Gauges the Institutional View Three Decades Into the Future
October 18, 2019

The poll explores institutional investors’ sentiment and allocations regarding the dominant economic trends in the global economy. Investcorp, a leading global provider and manager of alternative investment products, conducted the…

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Nearly 770,000 Indexes Scrapped In 2019, Most from Equities
October 18, 2019

A survey of the global index universe by the Index Industry Association (IIA) shows the count of indexes declined by 20% in 2019 from 2018. The total number of indexes…

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Columbia Property Trust Will Buy Normandy Real Estate Management
October 17, 2019

Columbia Property Trust announced a deal to buy acquire Normandy Real Estate Management. The target company manages office- and mixed-use assets in New York, Boston, and Washington, D.C. The deal will…

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