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Alternative Investments

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.

Top Story

Digital Assets: Brazilian Fintech PicPay Launches Crypto Exchange With Paxos

August 12, 2022

PicPay, the well-known Brazilian payment app, has got its shoe in the crypto door in partnership with Paxos, a leading regulated blockchain infrastructure company. Picpay is opening crypto trading services for its over 30 million customers and Paxos will manage the trading and custody of the digital assets. To be opened up gradually, the crypto service will initially cover bitcoin, ethereum and USDP, the regulated dollar-backed stablecoin from Paxos.

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More Stories on Alternative Investments

Elliott Management

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.

Brookfield Asset Management Launches Its Fifth PE Fund

November 6, 2019

The new Brookfield Capital Partners V reached total equity commitments of $9 billion, according to Brookfield Asset Management. The company released a statement this week outlining the goals of the private equity fund and its type of investors. 

McKinsey Report

McKinsey: North American AUM Hit $43 Trillion Last Year

November 6, 2019

A new McKinsey report puts total North American AUM at $43 trillion. The market hit that figure saw a 7% jump from the previous year. That said, industry profits (not-including alternative investments) declined by 3.7% to just $42.6 billion. 

Softbank

Masayoshi Son “Humbled” After $8.9 Billion Loss for Vision Fund

November 6, 2019

Masayoshi Son is reportedly “humbled” after SoftBank reported its first quarterly loss in over a decade. The CEO took hits from all directions after the fund reported an $8.9 billion hit to its Vision Fund. Simply put: WeWork is to blame for the loss.

NBER: Beware Bond Mutual Funds and Their Reported Holdings

November 5, 2019

The National Bureau of Economic Research issued a stark warning about bond mutual funds and risk. In a new report, NBER says that at least 30% of bond mutual funds hold riskier assets than what Morningstar reports. The agency released this warning in a report titled “Don’t Take Their Word For It: The Misclassification of Bond Mutual Funds.”

Ardevora Asset Management to Shut Its Trading Desk

November 4, 2019

Ardevora Asset Management will shutter its desk and outsource its trading and execution to Northern Trust. The TRADE first reported the development on Friday. 

Berkshire Hathaway

Berkshire Hathaway Beats Earnings Despite Global Economic Woes

November 3, 2019

Berkshire Hathaway reported earnings on Saturday (more on why in a moment). Warren Buffett’s firm announced that profits topped Wall Street expectations thanks to resilient consumer spending. The firm’s success came despite ongoing trade disputes between the U.S. and China and threats of new tariffs.

Jeremy Corbyn Takes Shot at Crispin Odey

November 1, 2019

Jeremy Corbyn has launched his campaign for Prime Minister ahead of a December 12 snap election. The British Labour leader used his campaign launch to take shots at Crispin Odey. Corbyn accused the head of Odey Asset Management of being one of many “representatives of a rigged system.”

Ares Capital Management

Breaking Down Ares Management and Its Earnings Report

November 1, 2019

Ares Management Corporation reported earning this week. Revenue grew by 94% to $466.5 million year-over-year. Earnings per share came in at $0.23. That figure represented a 153% increase over last year. Assets under management rose 15% to $144.3 billion. Ares also announced a 14% increase in the quarterly dividend. The shares now yield more than 4%.

Key Takeaways from Investor Day at Brookfield Asset Management

November 1, 2019

Brookfield Asset Management held its Investor Day recently. Management made a few things very clear.

First, if interest rates remain low, investors will have no alternative except alternative investments.

Carlyle Group Third-Quarter Earnings

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. GAAP results for Q3 2019 included income before provision for income taxes of $261 million. The firm said that net income attributable to Carlyle Group…

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 report, ITRS will allocate big sums to private credit strategies. Hayfin Capital Management will receive $500 million, while Intermediate Capital Group will manage another $500 million.

KKR & Co.

KKR & Co Reports 23% Drop in Quarterly Profits

October 29, 2019

KKR & Co announced a 23% year-on-year decline in quarterly profits today. The firm’s report showed a dip in revenue as asset sales slow among private equity firms. Overall, post-tax distributable earnings fell from $494.7 million in Q3 2018 to $388.8 million in Q3 2019.

Crestline Opportunity Fund III Europe Closes

October 29, 2019

Crestline Investors has announced the final closing of its first European Opportunity Fund. The credit-focused institutional alternative asset manager has called the fund the Crestline Opportunity Fund III Europe.

Ken Fisher: No Layoffs Coming to Fisher Investments

October 28, 2019

Ken Fisher – the embattled money manager – has seen outflows of roughly $3 billion. The swell of outflows comes weeks after he made a series of remarks during an investor conference that irked investors due to their sexual nature.

JP Morgan Asset Management

JPMorgan Asset Management Closes $1.06 Billion Special Situations Fund

October 28, 2019

More than half of investors are first-time investors in a J.P. Morgan Alternatives fund. JP Morgan Asset Management closed its Lynstone Special Situations fund. The fund raised $1.06 billion for the Luxembourg-domiciled strategy that focuses on stressed, distressed and event-driven situations in North America and Europe. The press release below offers a full recap of…

AT&T Defuses Hedge Fund Elliott Management Pressure With Three-Year Plan

October 28, 2019

Activist hedge fund Elliott Management took aim at AT&T Corporation in September. Elliott had proposed cost cuts, divestment of certain businesses, and a freeze on further acquisitions. Now, the telecom giant has pushed back with a three-year plan to diffuse Elliott’s activist pressures.

SoftBank Group Pumps $655 Million into Greensill Capital

October 28, 2019

Greensill Capital has received a large capital injections from SoftBank Group’s Vision Fund. The tech-focused investment fund gave the eight-year-old financing firm an additional $655 million.

Greensill plans to use the money to finance its international expansion.

Wall Street Journal

Melvin: Recapping the Blackstone Earnings Report

October 27, 2019

The Blackstone earnings report is always an important quarterly event. Over my years in the investment business, I have learned to watch what people are doing with their money instead of what they say they are doing. 

A Blockchain P2P Lending System at Scale Could Render London Bankers Irrelevant

October 24, 2019

According to Business 5.0 expert John Straw, the blockchain could well disrupt the City of London. And put paid to the taxes that the City generates.
An end to the stream of taxes from the City would effectively spell the end of the NHS. Blockchain-based financial services, based on technology such as Ethereum’s, could consign banks to the annals of history.

Broker Charles Schwab to Launch “Fractional Stock” Ownership

October 24, 2019

Everyday investors are often handicapped by the minimum tradable value of a single unit of an ETF or a stock. Consider this scenario: an investor is looking to invest $100 in the market. But he’s out of luck if any of these are on the shopping list: SPDR S&P 500 (SPY) (now trading at $300 per share), Tesla (TSLA) ($294), Apple ($243), and Amazon (AMZN) (S1,779). However, Schwab’s fractional shares offer can do the trick. The investor can now buy a fraction of any of these stocks/ETF for $100.

Price Cuts the Flavour of the Season: Vanguard Europe Slashes Fees on ETFs and Index Funds

October 24, 2019

Vanguard adds fuel to the fee cut fire in financial services by slashing fees across its ETFs and index-tracking funds. The passive investing giant cut its fees down to an average of 0.2% across its index and ETFs product offerings.

AllFunds Reaches New Partnership With BNP Paribas

October 21, 2019

AllFunds has announced a partnership with BNP Paribas. According to terms, BNP is taking a 2.5% stake in the world’s largest fund distribution network.

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 private equity investors.