News

Each day, DailyAlts tracks major developments across the alternative investment world. Our content is procured from primary contacts in the industry and secondary sources across the web. Our goal is to give readers the most up-to-date news and engaging experience to open new doors and areas of knowledge. Our stories cover nine separate verticals of the alternative investment industry.

Top Story

Digital Assets: MicroStrategy’s Saylor, El Salvador’s Bukele Both Buy The Bitcoin Dip

November 30, 2021

Path-breaking corporate bitcoin investor MicroStrategy (NASDAQ: MSTR) said in a filing Monday that it purchased approximately 7,002 bitcoins for about $414.4 million in cash, or $59,187 per coin, between October 1 and November 29 – a classic ‘buy-the-dip’ operation as financial markets reel from the implications of a new, highly mutated virus.

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More Stories on News

A Blackstone Bellagio Deal Is Looking More Likely

September 17, 2019

Blackstone (BX is on a buying binge in recent weeks. A Blackstone Bellagio deal? Why not? Just a day after announcing the $4 billion buyout of Dream Global Real Estate Investment Trust, Blackstone is back at it. The alternative investment giant said they are in discussions to buy and lease back the Bellagio and MGM…

The Goldman Sachs Shakeup Continues (And More People on the Move)

September 17, 2019

Goldman Chief Risk Officer Robin Vance is the latest executive to depart the firm Goldman Sachs Group has announced the departure of another high-profile executive. According to Reuters, Robin Vance will step down from the role of Chief Risk Officer at the end of the year. Vance worked at Goldman Sachs for 25 years and…

Blackstone

Blackstone to Purchase Dream Global REIT for $4.7 Billion

September 16, 2019

Deal Makes Blackstone a Big Player in Europe’s Recovering Real Estate Markets Dream Global REIT said Blackstone-managed funds will buy the Canadian firm for C$6.2 billion ($4.69 billion). Blackstone will pay C$16.79 cash per Dream Global unit. The deal will see Blackstone acquire all of the office and industrial property manager’s subsidiaries and assets. This…

Liquid Alternatives

SEC Hits Stifel and BMO Capital with Big Fines

September 16, 2019

Firms provided incomplete or inaccurate data to the agency Stifel Nicolaus will pay $2.7 million, while BMO Capital Markets will pay $1.95 million to settle charges with the SEC. The firms provided incomplete and inaccurate securities trading information to the SEC. The agency said Monday that broker-dealers must provide information known as “blue sheet data”…

Thomas Piketty Calls for “Inheritance for All”

September 15, 2019

Progressive Economist Seeks Policies to “Overcome Capitalism” French economist Thomas Piketty has released a new book called “Capital and Ideology.” So, look out hedge fund managers and would-be billionaires. Piketty is coming for your money. In the 1,232-page book, he calls on the French government to pay every citizen $132,000 (or 120,000 euros) on their…

Arrowgrass Capital Partners Will Shut Down

September 14, 2019

Blame the Fed, Blame the ECB, Blame All-Around  Arrowgrass Capital Partners is shuttering its doors after 11 years. The hedge fund – founded by Deutsche Bank AG traders – blamed central banking policies around the globe for its closure. Investors have been rushing to redeem capital over the last two years. A letter viewed by…

Occidental Petroleum and Carl Icahn

Carl Icahn is Relocating his Office to Miami (and More People on the Move)

September 13, 2019

Carl Icahn relocates, Aberdeen Standard Has New Reseach Head, and Blackstone Adds a New Director Carl Icahn is moving his hedge fund to Miami to capture better tax benefits. The hedge fund manager is relocating from New York. Icahn will move half of his employees and himself in early 2020, according to Reuters. Carl Icahn…

Dubai residential property is much cheaper than Hong Kong, London, and New York

September 13, 2019

On a global basis, Dubai real estate is relatively quite affordable
In an analysis of the city’s real estate market, Knight Frank has drawn an interesting comparison: in Dubai, $1 million will buy 143 sq m of residential space compared to 16 sq m in Monaco, 22 sq m in Hong Kong, and 31 sq m in both London and New York.
That’s quite a difference when you consider its strategic location and quality of life and safety rankings.

Regtech

RegTech Revenues Climb in Step with Startup Activity, Says CCAF Benchmarking Report

September 12, 2019

RegTech revenues in 2018 top $5 billion following a sharp pickup in startup activity
The above statistic is a finding of the “Global RegTech Benchmarking Report,” published by The Cambridge Centre for Alternative Finance (CCAF) and sponsored by EY Japan.

Hedge fund Autonomy Capital Drops $1 Billion on Argentinian Wagers

September 12, 2019

Autonomy Capital lost that much in one month following political turmoil in Argentina
Last month we reported on the losses suffered by Brazilian hedge fund Newfoundland Capital Management in Argentinian stocks.
Turns out Autonomy Capital, the prominent macro fund founded by Robert Gibbins, was also singed.

ECB announces massive stimulus; Trump cries foul

September 12, 2019

The European Central Bank launched a new bond buying package and cut deposit rates to stimulate the Eurozone economy

The central bank said it will purchase assets worth € 20 billion ($ 21.9 billion) every month until such time as necessary.

AT&T Gets Heat from Billionaire Activist

September 12, 2019

Hedge Fund Elliott Management writes to ATT on how to “realize a historic increase in value” for its shareholders
Billionaire Paul Singer owns Elliott Management. It revealed in its letter yesterday to telecom conglomerate AT&T that it owned $3.2 billion of the latter’s stock. Elliott’s open letter claimed that AT&T could boost its share price to $60+ by 2021 through “readily achievable initiatives.”

BlackRock Hires

Mizuho Americas Hires Bob Wright to Key Sales and Trading Role

September 11, 2019

The new hire will operate out of New York office Mizuho Americas has hired Bob Wright as its head of execution services sales and trading in the United States. According to a statement released by the company last week, Wright will report to Head of the Equity Division in the Americas Darlene Pasquill. The addition will…

Protos Hedge Fund

Now trade the world’s 1st tokenized hedge fund – 24/7

September 9, 2019

Protos, the world’s first tokenized hedge fund, opened to public investors this month
Crypto investors can now trade the Protos hedge fund tokens on the OpenFinance Network (OFN). OFN is an SEC-registered Alternative Trading System (ATS).

IGIS

‘The One,’ an 85-story Toronto skyscraper, funded by Korean institutions

September 9, 2019

outh Korean institutions lend C$560 million ($423 million) to IGIS Asset Management
IGIS will onward lend the funds to Mizrahi Developments, which is developing the skyscraper in Toronto, Canada.
Dubbed ‘The One,’ the mixed-use building will cost an estimated $1 billion. Once completed, it will be the tallest building in Canada.

The DailyAlts Weekend Reading List – September 7, 2019

September 7, 2019

Each week, DailyAlts Weekend Reading list recaps our favorite outside stories on the markets this week. FDIC Quarterly Banking Profile Day Trading Failure Is Now the Time to Buy Greece? Overcrowded Quality Counting on Bank M&A Net Current Returns The Top Real Estate Opportunities for the Coming Years Rise of the Sunbelt Fintech Inclusion Investors…

Office Properties Income Trust

Vista Equity Partners Raises Largest Tech-Focused PE Fund in History.

September 6, 2019

Tech funds still generate massive demand from investors Vista Equity Partners has raised the largest technology-focused PE fund in history. The shop raised $16 billion in outside capital for its new fund, Vista Equity Partners Fund VII LP. That figure exceeds the $15 billion raised by Silver Lake. It also surpasses the $12.6 billion raised…

UBS Taps Simona Maellare and Matt Eiler to Co-Chair Alts Capital Group

September 6, 2019

UBS Promotes Simona Maellare, Goldman Makes a Surprise Senior Trading Hire, Partners Capital Appoints Advisor Simona Maellare will co-head the alternative capital group of UBS, according to a report Friday. The Swiss bank has also appointed  US-based Matt Eilers as a co-head of the group. Maellare is very influential in London, where she served as…

SEC Charges Herbert Hafen With Financial Fraud

September 5, 2019

Hafen was previously barred by FINRA in early 2019 Herbert Hafen is having a tougher day than you are. The Securities and Exchange Commission has charged Herbert Hafen with defrauding multiple retail clients. From 2011 to 2018, Hafen allegedly misappropriated about $1.6 million of client assets. The U.S. Attorney’s Office for the Southern District of…

Alternative Investment Fund Launches and Updates – September 5, 2019

September 5, 2019

Investment fund launches and updates for September 5, 2019. Atlantic Street Capital said announced it closed its latest fund with a hard cap of $500 million. That figure tops its previous fund — Atlantic Street Capital IV LP — at $450 million. Private equity firm Innova Capital announced it had closed its Innova VI fund…

BlackRock Hires

People on the Move: AG & Co., TigerRisk Partners, Bookend Capital, and Clarion Capital

September 5, 2019

TigerRisk Partners Appoints New CEO People on the Move for September 5, 2019 TigerRisk Partners appointed James Few to the role of CEO at its London office. Few now reports to company President and COO Rob Bredahl. He comes over from MS Amlin where he modernized the firm’s global reinsurance business. Few leads a busy…

Office Properties Income Trust Announces Sales of Four Properties

September 4, 2019

The multistate deal allows the firm to pay off unsecured loans Office Properties Income Trust announced the sale of four buildings this week. The buildings are in San Antonio and Arlington Texas, as well as one in Hanover, PA. Gross proceeds for the sale reached $223.2 million before closing costs. The firm will use the…

Revisiting the End of an Era at Blackstone Group

September 4, 2019

The departure of Bennett Goodman will reverberate across the company for years. The Bennett Goodman era comes to a close as the co-founder of GSO Capital Partners is stepping down. Along with J. Albert Smith III and Douglas Ostrover, Goodman founded GSO in 2005 and sold the operations to Blackstone in 2010. During that time,…

Brookfield Business Partners Buys Big Stake in Genworth Canada

September 4, 2019

The deal will see Brookfield take the majority of shares in the mortgage giant Brookfield Business Partners reached an agreement to buy a controlling stake in Canada’s largest private mortgage insurer. Brookfield said it would pay $1.8 billion for a 57% stake in Genworth Canada, according to the press release. The sale further increases the…