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.

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FinTech: Lloyds To Acquire Stake In Loyalty App Bink

January 4, 2022

Lloyds Banking Group (LON: LLOY), Britain’s biggest mortgage provider, will acquire a minority stake in loyalty app Bink, according to a report by Sky News for an undisclosed amount that may run into millions of pounds. It was also not known how much the transaction valued Bink.

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Barings Taps Hedge Fund Manager to Lead Institutional Division

August 6, 2019

Stewart Russell makes the jump from Moore Capital management. Barings, an asset manager owned by MassMutual, announced it has hired hedge fund manager Stewart Russell to the role of Head of Institutional Solutions. Stewart, who departs Moore Capital management, will lead the company’s new unit that centers on institutional investment services. In a statement released Tuesday,…

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Alleged Hedge Fund Fraud Links Lewitt, Biden’s Brother

August 6, 2019

Two healthcare companies are suing a hedge fund manager and James Biden Accusations of hedge fund fraud are back in the headlines. A hedge fund manager and the brother of a Presidential candidate are accused of defrauding two medical companies in Tennesee. Last month, Azzam Medical Services and Diverse Medical Management filed a complaint with…

CipherTrace Cryptocurrency AML Report: $4.26 billion siphoned during the first half of 2019

August 1, 2019

Its a big, evil world out there in cryptoverse. Scams and hacks abound, and the amounts are getting bigger
The CipherTrace Cryptocurrency AML Report for Q2 2019 makes for some alarming reading. Digital currencies and exchanges appear to have become the happy hunting grounds of criminals who can steal billions of dollars with ease and impunity.

LSE snaps up Refinitiv for $27 billion

July 25, 2019

LSE shares surge higher on news of the deal; erstwhile Refinitiv owners will own 37% of LSE
The three-hundred-year-old London Stock Exchange Group made a massive bid to extend its reach into data by agreeing to buy Refinitiv, the global provider of data and tradi

Moody’s Acquires RiskFirst, a Fintech that Analyzes Risk

July 25, 2019

Moody’s is looking to enhance the product portfolio of its Moody Analytics unit by acquiring risk analysis fintech RiskFirst.
RiskFirst’s offerings are geared towards institutional investors such as asset managers, pension funds and endowments.

Private Equity Firm KKR Snaps Up Campbell’s International Business for $2.2 billion

July 24, 2019

According to reports, private equity giant KKR has pipped Australian rival Pacific Equity Partners to the post in the race to acquire Campbell Soup’s international business including Arnott’s biscuits.
The deal is said to be have been struck at $2.2 billion, which is about 13.5 times 2019 EBITDA.

Gatwick Airport: An infrastructure investment that paid off handsomely for CalPERS

July 22, 2019

When the California Public Employees’ Retirement System (CalPERS) invested $155 million in Gatwick Airport nine years ago, they envisaged 32 million passengers annually.
Gatwick is already catering to 46 million passengers a year. And it can only get better from here – because Heathrow, the other London airport, is at full flight capacity.
Unsurprisingly, CalPERS’ original investment of $155 million is now worth over $1.24 billion.

Private equity giant Trilantic North America raises $2.75 billion

July 22, 2019

Trilantic Capital Partners VI (North America) L.P. and its parallel fund named Fund VI North America said they raised $2.75 billion in the latter, closing at the hard cap limit.

Hedge Fund Titan Ray Dalio Recommends Investing in Gold

July 19, 2019

The yellow metal will benefit from the looming “paradigm shift” in investing, he says
According to Ray Dalio, chief of Bridgewater Associates, the ongoing party in stocks will soon run its course. Investors are likely to head for the exits amidst lower returns on equities, seeking other assets to invest in.

Blackstone Group may raise over $100 billion this year

July 18, 2019

At the end of the second quarter Blackstone had a record $545.5 billion in assets under management
Blackstone Group Inc, the world’s largest manager of alternative assets, raised $45.1 billion during the second quarter, giving it a total of $88 billion raised during the first six months of this year.

Bitcoin’s leverage-fueled volatility

July 11, 2019

One look at the bitcoin’s futures price chart shows it is not a trade for the faint-hearted.
The most popular digital coin future plumbed a low of around $3,200 in December 2018. But in a few months, by early June 2019, bitcoin shot up to a high of nearly $14,000.

Investing in Wine: Here are Three Ways to Profit

July 9, 2019

This may be a pleasant surprise, but wine investing can be profitable.
Here’s an example of a drinkable multi-bagger. Someone who bought 1982 Château Latour wine futures when it presold for about $40 a bottle in 1983 would be making a fat profit, because it now sells for about $1,500 a bottle.

China Venture Capital

The Chinese Venture Capital market hits a roadblock

July 8, 2019

After a five-year run of growth, VC investments have tumbled
During the second quarter of 2019, venture capital deals in China fell 77% to US$9.4 billion.
This is the first time in five years that venture capital investment has trended lower in China.

The Revolut unicorn, a disruptive force in banking

July 7, 2019

Revolut, the UK-based digital “challenger” bank, wants to become the Amazon of banking.
Started in July 2015 by two bank ex-employees, Revolut has a set a torrid pace towards its aim to become a global financial player.

Cadence Joins the Bloomberg Terminal

June 24, 2019

Cadence, which is opening alternative investment opportunities to all, is offering access to exclusive high yield, short term investments traditionally reserved for institutions. You can earn up to 2% on your investment in less than 2 months with a low minimum of just $500 to get started.

India ban on cryptocurrency

India May Jail People who Mine, Hold or Transact Cryptocurrencies

June 24, 2019

India’s draft “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019” has a draconian provision regarding cryptocurrencies. Those who use digital currencies in any way are liable to be slapped with a jail term from one to ten years and may also have to pay a penalty.

Panacea Venture Healthcare Fund

Panacea and Atlantic-Pacific Close Oversubscribed Healthcare Fund

June 24, 2019

The Panacea Venture Healthcare Fund I, which targeted $150 million, succeeded in mobilizing $180.5 million from a host of global institutional investors, including endowments, foundations, sovereign wealth funds, pension programs, consultants, fund-of-funds, asset managers and family offices.

Fitch Study

Fitch Study: Alternative Investment Returns Doesn’t Beat Equities

June 24, 2019

Fitch Ratings studied the returns from alternative investments made by 180 state and local public pension funds over the period 2001 through 2017 and found they were not nearly so outstanding as hyped.

Elliott Management Eyes Barnes and Noble

June 20, 2019

Activist hedge fund Elliott Management, owned by billionaire Paul Singer, may acquire book chain Barnes and Noble for $476 million, according to The Financial Times.

Cerulli Associates: European Retail Investors Seek Alternatives

June 20, 2019

Cerulli Associates, the global research and consulting firm, finds evidence that European retail investors are increasing attracted to alternative investments such as hedge funds, private equity, venture capital, and private debt.

The Marriage of Crypto Cost Storage and Real-World Assets

June 20, 2019

A new avenue is opening up for alternative investing. It’s the marriage of digital currency with tangible and valuable assets. There already is a designer watch that acts as a deep cold storage for crypto wealth. In the near future, this may extend to art, luxury accessories and fine jewellery.