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.
Crypto asset manager Osprey Funds has launched the the Osprey Solana Trust (OSOL). The firm said earlier this month that the fund has commenced trading via the OTCQB market. OSOL is the first publicly traded fund based on the SOL token of the Solana network.
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Alternative Investments: Tesla’s China Strategy Drawn From Ancient Chinese War Treatise, Says Paul Holland
Elon Musk’s bold bet to make electric vehicles in China out of Tesla’s Gigagactory 3 may be a classic military strategy according to venture capitalist Paul Holland. And it draws a leaf from the 2,500-year old tome, “Art of War,” written by Sun Tzu.
China is the world’s largest market for electric vehicles.
Chinese companies are also the potentially largest competition for Elon Musk’s Tesla in its quest for global dominance in electric vehicles.
The Mercer 2020 outlook came out in January. The firm expects growth to pick up somewhat in 2020, both in the United States and the rest of the world.
The brutal sell-off in marijuana stocks in 2019 has been likened to “2008 for the cannabis industry.” Others compared it to the blowout in tech stocks in 2000. Apart from the historical comparisons, what must be especially painful for pot stock investors in 2019 would be the solid returns given off by the rest of the stock market. However, according to hedge fund manager Will Meade, who is also a former Goldman Sachs analyst, 2020 presents a buying opportunity in a sector that is possibly bottoming out.
HSBC Gam plans to launch eight new environmental, social, and governance (ESG) ETF’s in the first half of 2020. Also planned are a fixed-income ETF platform and a passive platform for precious metals later in the year. HSBC Gam will also create 15 new roles to support its new business initiatives.
Remember grim-faced, dogged Steve McQueen chasing a couple of goons up and down the streets of San Francisco in that iconic car chase in Bullitt?
The car McQueen drove in that chase, a green 1968 Ford Mustang, is up for auction at Mecum and may command a record price of as much as $4 million for Sean Kiernan, its owner.
Green Street Advisors analyst David Guarino says that data consumption trends will accelerate in the future. This provides support to his thesis that data center demand will increase. It also signals that investors will continue to pour capital into associated real estate assets like data center REITs.
In mid-December, famed activist and short-seller fund Muddy Waters threw the book at Abu-Dhabi based NMC Healthcare. NMC is listed on the London Stock Exchange. Its shares plunged from 2585 pence on December 16 to 1300.50 pence on December 20, a fall of about 50%. Carson Block’s Muddy Waters said it had “serious doubts” on NMC Health’s financial statements. Further, it alleged the healthcare company had manipulated these documents.
Willow Oak and Focused Compounding will launch a new private investment partnership. They have called it the Focused Compounding Fund. The fund will invest in what Portfolio Managers Geoff Gannon and Andrew Kuhn call the 1% of stocks everyone else overlooks. The PMs are seeking what they call wonderful businesses that trade at reasonable valuation multiples.
Standard Chartered announced Rene W. Keller will become CIO, Corporate, Commercial & Institutional Banking (CCIB). Based in Singapore, he will report to Dr. Michael Gorriz, Group CIO. Keller will be responsible for the business’ technology strategy, architecture and delivery value chain that will drive strategic business outcomes.
Stellar Returns came from Healthcare and Biopharma IPOs in 2019. Hedge funds that invested in these companies made solid gains.
Alternative investment manager Blackrock (BLK) has issued the Blackrock 2020 forecast. The firm believes that growth will pick up next year with little risk of inflation. They also warn that the years of friendly central bank policies could be behind us and that inflation risks are underpriced.
The trades we would have taken in the decade gone by – if only we’d known
Secure in our present-day knowledge and risk-free comfort, let’s indulge in some armchair trading through the 2010s.
IRS Releases Regulations for Opportunity Zones. The U.S. Department of Treasury released the final Opportunity Zone Treasury Regulations last week. According to Russell J. Stein at Partridge Snow & Hahn LLP, the much-anticipated regulations are extensive and provide clarity into the working of the Opportunity Zone tax rules.
There is a striking decline in the number and value of Initial Public Offerings (IPOs) to raise capital across the globe. Macro-economic and political factors such as trade wars, Brexit, and growth fears played a role in this trend, says the FT.
But there is also concern that increasingly, both issuers and investors may be gravitating to private markets.
2020 IPOs will generate a lot of buzz in the coming months. With the S&P 500 ripping to record highs after a more than 26% return, how will venture-backed firms take to the market?
Baidu Artificial Intelligence has overtaken two of the world’s leaders in the industry. The Chinese tech giant topped Microsoft and Google in a recent artificial intelligence competition.
First Eagle Investment Management with acquire THL Credit, an alternative credit manager with approximately $17 billion in assets under management. The deal will likely close in the first quarter, according to a joint press release.
YouTube pushed crypto-channel owners into hiding. Now its admitted to an error. It will reinstate videos and resolve strikes.
A college degree is no longer a tool; it’s a luxury available to the rich
About 45 million people in the US are being crushed under the weight of federal student loans. A third of this number are millennials in the age group from 25 to 35 years.
Outstanding Federal student loans are now perched at a gasp-worthy $1.5 trillion, the highest level ever. They now aggregate 8% of the US national income, according to the FT.
Global asset manager BlackRock and sovereign wealth fund Temasek are making a beeline for the vast opportunities opening up in the Land of the Red Dragon. Chinese regulations now allow foreign entities to own a majority stake in a wealth management joint venture operating in China. The two behemoths will tie-up with China Construction Bank (CCB), according to Reuters.
Alberta Investment Management is linking up with private equity giant KKR to purchase a big stake in TC Energy’s Coastal GasLink Pipeline. The Canadian pipeline project is part of a massive, C$40 billion effort to pump natural gas across British Columbia. The project will supply LNG from Dawson Creek to the plant near Kitimat. The project will pump about 2.1 billion cubic feet of natural gas each day.
In the ongoing ‘race-to-zero,’ Vanguard and Dimensional both cut fees this week.
Vanguard lowered expense ratios on three international income-oriented funds and four externally managed equity funds on December 19. For good measure, on December 24, the fund house followed that up with another reduction in fees on nine stock and bond ETFs and two active funds. Dimensional, too, added to the Christmas cheer with its own fee reductions.
As 2019 grinds to a close, Chinese corporate defaults surged to a record RMB 130 billion ($18.6 billion).
According to FT, which cited Bloomberg data, this value eclipsed the previous record of Rmb122bn last year.
The main cause appears to be corporate distress stemming from declining economic growth in China.
Unizo Holdings, the Japanese hotel company, said this weekend that a new bidder has emerged with a friendly offer. U.S. investment fund Lone Star is expected to launch a tender offer this week as part of a friendly bid to acquire the chain.