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.
Yieldstreet, a prominent private market investment platform, has officially announced its acquisition of Cadre, an online real estate-focused investment platform catering to institutional and high net worth investors. This strategic move solidifies Yieldstreet’s category leadership, incorporating Cadre’s institutional clients, unique investment platform, and a substantial investor base.
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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.
The Canada Pension Plan Investment Board (CPPIB) reported gains of 2.2% during the second quarter. On Thursday, the nation’s largest public pension fund reported how it delivered the return.
In a raging bull stock market, the biggest losers in 2019 were obviously funds that were short, or bet on volatility.
A Morningstar compilation of the 20 top loser funds or ETNs over 2019 through to November 2019 showed that, on average, they lost over 8% during the period.
International Monetary Fund analyst Laura Kodres warns that investors are putting too much faith in mutual funds. According to Deutsche Bank, half of the high-yield asset funds could experience liquidity shortfalls in a market panic.
A new Preqin executive report shows that women hold a small number of executive roles in the alternative investment industry. Preqin data shows that more women are working in the hedge fund and private equity space than in 2017.
Alipay is the 800-pound gorilla in the global fintech room. It processed more than US$38 billion of payments in a single day.
Alipay’s global fintech supremacy is without question. On the highly-anticipated Singles Day in China, Alipay processed all the online payments emanating from Alibaba’s e-commerce platforms.
The richest people in the world saw their wealth decline in 2018 for the first time in three years. According to the UBS/PwC Billionaires’ Report, the selective class of billionaires saw their global wealth fall by $388 billion. Today, they control about $8.54 trillion in global wealth.
The Alaska Permanent Fund filed its report for the first fiscal quarter of 2020.
The largest U.S. state sovereign wealth fund reported earning returns of 1.24%. That exceeded its benchmark (60% Stocks|30% Bonds|10% RE & TIPS) return for the quarter.
The California State Teachers’ Retirement System (CalSTRS) announced its latest asset allocation shifts this week. The $242 billion dollar scheme is shifting assets away from traditional equities.
Nielsen Holdings has announced plans to split itself into two separate public companies. The plan – backed by Elliott Management – will unlock shareholder value.
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.
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.
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.