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.
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SP Funds has expanded its suite of Sharia-compliant funds with the launch of The SP Funds S&P Global Technology ETF (SPTE) on the New York Stock Exchange. As North America’s largest family of Shariah-compliant exchange-traded funds (ETFs), SP Funds aims to provide investors access to cutting-edge technological advancements through SPTE.
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London Stock Exchange Group Hires Tadashi Tago – (And Other People on the Move)
London Stock Exchange Group picks Bloomberg Leader for New Role in Japan The London Stock Exchange Group (LSEG) hired Tadashi Tago to the role of information services in Japan. Tago comes over from Bloomberg, where he ran the company’s index and analytics business. A report from The Trade indicates that Tago joined October 7. He will…
Blackstone Group May Employ Hostile Takeover with Unizo Holdings
A hostile takeover of Unizo Holdings may happen. And the buyer could be alternative asset manager Blackstone Group. The private equity giant seems very determined to close a deal to buy Japanese based hotel and real estate development firm.
Is a WeWork Bailout on Tap?
A WeWork bailout could be coming from JPMorgan or Softbank. Two weeks after the office-sharing giant pulled its IPO, its cash position has deteriorated. CNBC reports that the two banks are examining a plan to offer debt and equity to WeWork.
Hilton Grand Vacations Might Experience a Bidding War
Hilton Grand Vacations may soon experience a bidding war from two private equity titans. Apollo Management has reportedly made an offer for the Orlando0based timeshare company. Early reports suggest a price of $40 per share. Its competitor Blackstone may also make an offer for Hilton Grand Vacations.
The DailyAlts Playbook – October 15, 2019
THE DAILYALTS PLAYBOOK October 15, 2019 Today, the DailyAlts Playbook talks defections at the Libra Association, this very weird venture capital story that involves an actress from the Wonder Years, sacked CEOs, and the CEO that one California resident wants out of the board room. PRIME OVERVIEW Good morning, Global markets are ticking higher on…
EY Report Talks Dealmaking in the Year Ahead
The latest EY report on M&A activity for the year ahead reveals interesting technology trends. EY is a leader in assurance, tax, transaction, and advisory services. The company finds that business leaders have altered their portfolios due to a challenging geopolitical environment. However, the firm notes that 52% of global corporate leaders plan to pursue acquisitions in the next year.
Cerberus Buys Closure Systems International from Reynolds Group
Cerberus Capital Management announced that one of its affiliates has entered into a definitive agreement to buy assets from Reynolds Group. The private equity giant will acquire the North American, Costa Rican, and Japanese businesses and related facilities of Closure Systems International.
Nubank, the Brazilian Fintech, Hits a Purple Patch
Brazilian fintech startup Nubank has added three million users since August this year.
Speaking at the Brazil Investment Forum in Sao Paulo, Nubank founder and CEO David Vélez said the fintech now had 15 million users.
Blackstone Sells Last Building from Famous 2007 Real Estate Deal
The Wall Street Journal says that Blackstone has sold the last office building it purchased in 2007. The building was part of their $39 billion purchase of Equity Office Properties Trust. That purchase was the largest real estate deal in history.
LGPS Launches Climate Change Strategy
LGPS Central has announced the launch of a multi-factor equity fund. The manager of pooled assets from nine British public sector pension funds say that climate change sits at the center of the investment strategy.
Refinitiv: Sovereign Wealth Funds Put $24.6 Billion into Q3 M&A Deals
Sovereign wealth funds injected $24.6 billion into deals during the third quarter, according to a report at Reuters. Citing data from Refinitiv, the author counted 49 deals. That figure is up from the 46 deals in the second quarter valued at $15.5 billion.
Are Mutual Fund Managers Signaling A Selloff?
The Investment Company Institute released weekly data on mutual funds and exchange traded funds (ETFs) on Wednesday. The data suggest that fund managers are very concerned about the U.S. economy, the ongoing trade war, and other factors. Last week, mutual funds and ETFs dropped roughly $11.8 million in U.S. equities.
Could Crypto ETFs Finally Come In From The Cold?
The SEC will give a ‘yes-or-no’ ruling on its approval of the bitcoin-based exchange-traded fund (ETF) from Bitwise Investments by October 13. “We’re closer than we’ve ever been before to getting a bitcoin ETF approved,” said Matt Hougan, MD, and global head of research, Bitwise. The SEC’s approval would be a landmark event in the evolution of cryptocurrencies.
World Federation of Exchanges Asks FCA to Reconsider Ban on Crypto-Derivatives
The World Federation of Exchanges (WFE) is an industry group for exchanges and central counterparties (CCPs). It has asked the UK’s Financial Conduct Authority (FCA) not to impose its crypto-derivatives ban on sale to retail customers. However, it said it fully supported the regulator’s intention to protect vulnerable customers.
MUFG First in Japan to Issue Aussie Dollar-Denominated Green Bonds
MUFG’s green bonds amounting AU$500 million (US$337 million) were oversubscribed twice over. Australian institutional investors purchased most of the flotation.
MUFG issued this latest tranche of its green bonds in Australian dollars in a nod towards climate-conscious Australian investors. The AU$500 million bond offering comprised both fixed and floating rate bonds of five years maturity.
An ETF To Take Advantage Of “One Of The Largest Infrastructure Build-Outs In History”
According to Goldman Sachs, cities will be on the frontlines of climate adaptation. Urban adaptation will have to follow.
The FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEArca: NFRA) is an infrastructure-focused ETF. It tracks the performance of the STOXX Global Broad Infrastructure Index. Investors looking for ESG-positive investments could consider infrastructure given its relevance in urban adaptation following climate change.
Brookfield Business Partners to Sell Big Stake in North American Palladium
Brookfield Business Partners announced a plan to sell its 81% interest in North American Palladium. The real state giant is selling the Canadian mining company and only global pure-play palladium producer to Impala Platinum Holdings (Implats). The deal will see Implats buy all outstanding NAP stock from Brookfield for roughly $750 million.
Three Takeaways from the New KKR Consumer Report
The report examines consumer behavior at this point in the economic cycle KKR has posted a new report titled The New Consumer. Paula Campbell Roberts, the Director of Global Macro and Asset Allocation Team, lead the KKR research. The report examines the condition and behavior of the consumer at this stage of the economic and…
Blackrock Hires New HR Chief (And Other People on the Move)
BlackRock hires always generate headlines. The latest high-profile news is that the world’s largest asset manager has appointed Manish Mehta to the role of global head of human resources. Reuters first reported the news after accessing a company memo. He will also join the company’s global executive committee and will report to BlackRock head Larry Fink.
Private Equity Giant KKR Announces Special Situations Fund III
Private equity giant KKR & Co wants to raise $1.5 billion for its third special situations fund. Reuters reported the June registration of KKR Special Situations Fund III. The private equity firm said during its Q2 conference call that it planned to raise capital for a new special situations fund.
Oil Rich Norway’s Government Pension Fund Slashes Exposure to… Oil Production
Norway’s Government Pension Fund Global, Oslo, will cut its exposure to upstream energy production. The pension fund will cut 50 billion Norwegian kroner ($5.5 billion) in equity allocation from its investment portfolio.
TradeStation Announces TSgo and Commission-Free Trading
The online platform will charge less than TDAmeritrade on a per-contract basis for options TradeStation, the online broker-dealer, has joined in the zero-commission trading frenzy. The company will begin offering commission-free trading to customers who use its web and mobile platforms for exchange-listed stocks, options and exchange-traded funds (ETFs). It will still charge $0.50 per…
The DailyAlts PlayBook – October 4, 2019
Today, the DailyAlts Playbook talks about the robot apocalypse on Wall Street, the Forbes 400, Zuckerberg’s billionaire statement, and LaVar Ball (sorry about that). The markets are in the red this morning as investors prepare for a fresh round of U.S. economic data.
Purpose Investments Goes All In on ESG Principles
Purpose Investments is the latest asset manager to integrate environmental, social and governance – ESG principles – into its strategies. The catch – they will adopt ESG into every single one of their funds. The company made the announcement on Wednesday. Its goal is to create a new ESG framework and fuse it with as many of its funds as possible by January 1, 2020.