The global alternative investment space now sits at more than $9 trillion in global assets, and we’re just getting started. Roughly 40% of RIAs are using alternative investments. With the RIA space expanding and alternative investment demand rising among investors – a surge in data, news, and opinion will continue. This channel cuts through the noise to give you the most important actionable insight.
VegTech Invest advisory has launched the VegTech Plant-based Innovation & Climate ETF (Ticker: EATV), its first financial product. The ETF offers exposure to publicly traded companies actively innovating with plants and plant-derived ingredients and producing primary products that are animal-free. These companies also have a beneficial impact on the environment and solve certain pressing global problems.
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Magnetar Capital will launch its first healthcare hedge fund in 2020. The firm aims to close a $400 million fund by mid-2020, according to Bloomberg. The company will look to capitalize on the growth of startups and by shorting established businesses with challenges on the horizon.
Billionaire Bill Ackman and his hedge fund are having a great 2019. Last month, Ackman’s hedge fund added another gross return of 3.4% — or 3.2% after fees. This gain brings Pershing Square (after fees) to a 51.3% return so far in 2019. What’s crazy about this number is that Ackman’s firm hasn’t had a year of net positive returns since 2014.
A lending crisis has opened up profitable opportunities to lend to Indian performing companies.
The Canada Pension Plan Investment Board (CPPIB) and the Ontario Teachers Pension Plan, may deploy up to $1.5 billion in Indian private credit.
What are direct listings? They are not allowed by the SEC at the New York Stock Exchange. Direct listings allow firms to engage in the public equity markets without selling new shares. The process also carries fewer listing fees and restrictions.
LPL Financial launched a no-transaction-fee, ETF network where advisors can trade ETF’s for free in their advisory accounts.
LPL Financial partnered with three leading ETF providers – State Street Global Advisors, Invesco and WisdomTree to offer the zero fee service from December 6.
Rivulet Capital has said it will vote against Thoma Bravo’s purchase of educational software giant Instructure. The firm – which owns 5.23% of Instructure – announced its intention in a regulatory filing.
The Illinois pension crisis just got much worse. According to reports, the state’s unfunded pension liabilities jumped $3.8 billion to $137.3 billion at the end of the fiscal year 2019. The deficit comes despite the fact that the state recorded record taxpayer contributions.
Mark Wiseman found himself in the running to replace BlackRock Chief Larry Fink. Now he finds himself out of a job. Multiple media outlets report that Wiseman allegedly violated BlackRock’s “relationships at work policy.”
CBRE, the global real estate investment and advisory firm, released the third quarter U.S. Net-Lease Investment Report.
Inland Private Capital Corporation announced the full funding of its first private placement offering by a qualified opportunity fund, Saint Paul Opportunity Zone. The fund will no longer accept any new capital. The fund raised $30 million in equity capital from investors.
Natixis Investment Managers has released the results of its survey of investment managers this week.
Natixis surveyed 500 institutional investors, who collectively manage more than $15 trillion in assets. These respondents manage money for pensions, insurers, sovereign wealth funds, foundations and endowments all over the world. The survey measures the investment community’s outlook and concerns for the next year. The key finding in the report is that increased volatility is the top portfolio concern of many investment managers. Most managers see no relief in sight from trade and low yield risks.
Artificial intelligence and job displacement. That has emerged as an important them among working-class voters across the United States. With AI now targeting white-collar jobs, the stakes are going even higher. This week, Vox Media asked five candidates a question about artificial intelligence.
Fake news is a term generating a lot of buzz in the United States. But in China, the term has taken on a whole new meaning. The country has issued new guidelines that will ban online video and audio suppliers from using artificial intelligence to disseminate “fake news.”
Interest rates have been declining since the financial crisis and the resultant falling investment returns have put pension funds under pressure. Pension funds turn to alternative investments to offset the chronic low rates regime.
Global economic growth sits atop a list of concerns from BlackRock. On Tuesday, the alternative asset manager said it has shifted toward defensive Asian stocks. A report indicates that the company has turned to sectors like telecommunications in China. The group released its projections for next year in a 2020 report on the region.
Barings announced the launch of its first onshore Private Fund in China.
The Barings China A-share Private Securities Investment Fund No.1 has registered with the Asset Management Association of China.
Natixis Investment Managers commissioned a survey of 200 Chief Investment Officers (CIOs) at insurers in Asia, Europe, and North America. Nearly 75% said that it was essential to include alternative investments in their portfolios.
Their view emerged from current trends that make it very difficult for the CIOs to earn alpha.
iCapital Network, which connects advisors and their high net worth investors to leading alternative investment managers, ties up with PIMCO.
iCapital Network said it will develop a customized technology platform for PIMCO, one of the world’s largest fixed-income asset managers. Financial advisors and qualified investors can use this platform to access PIMCO’s alternative investment strategies.
Bridgewater Associates founder Ray Dalio has warned about the next economic downturn on more than one occasion.
Fidelity Digital Assets received a license from the New York State Department of Financial Services. The state regulator provided permission for the crypto-arm of Fidelity Investments to offer new services.
HarbourVest Partners announced it has closed its latest fund at $3 billion. The private equity shop announced the HarbourVest Partners Co-Investment Fund V at oversubscribed. its original target was $2.5 billion.
Industrial automation is a major risk to jobs, according to thought leaders like Elon Musk. Even though robots could replace up to 800 million jobs by 2030, employees are happy to see their bosses go.
Ethos Capital has purchased the Public Internet Registry, the group that maintains the .org registry. The private equity firm purchased the registry from the Internet society, according to a statement this week. The deal marks the end of nearly two decades of control by the Internet Society.
WeWork layoffs are coming, and the number could range between 4,000 and 6,000 employees. The WeWork layoffs are set to start this week. According to International Business Times, the company will make an announcement on Tuesday. The New York Times says that the firm will lay off about one-third of its workforce by June 2020.