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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Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while the ROCm 6 open software stack introduces new features supporting Large Language Models (LLMs). Additionally, the Ryzen 8040 Series processors come equipped with Ryzen AI capabilities.
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Private equity giant Trilantic North America raises $2.75 billion
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
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
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
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
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.
The Chinese Venture Capital market hits a roadblock
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
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.
Panacea and Atlantic-Pacific Close Oversubscribed Healthcare Fund
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: Alternative Investment Returns Doesn’t Beat Equities
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.
Cadence Joins the Bloomberg Terminal
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 May Jail People who Mine, Hold or Transact Cryptocurrencies
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.
Elliott Management Eyes Barnes and Noble
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
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
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.