Insights
Opinion, Analysis, and Custom Research designed to deliver alpha to the DailyAlts community of readers and analysts.
Top Story
Crypto-assets appear in a revived and refreshed bull market, the analyst writes. Senior Bloomberg Commodity Analyst Mike McGlone weighs in with a very bullish prognosis for crypto-assets in the September edition of Bloomberg’s Crypto Outlook 2021. Considering cryptos such as bitcoin and ethereum are lifting off in the second half of the year from levels…
Get Daily Updates
Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.
More Stories on Insights
Melvin: Digesting KKR Earnings for Q3
KKR earnings came out this week. If you read the headlines surround the recent earnings report form KKR and Company (KKR), you would think the world had ended for the private equity and alternative investment firm. While earnings did drop 23% year over year, this was implied because the company did not sell many assets to generate incentive fees in the quarter. The media loved the topic, but it didn’t come up n the analyst and investors call in any significant way at all.
Melvin: Recapping the Blackstone Earnings Report
The Blackstone earnings report is always an important quarterly event. Over my years in the investment business, I have learned to watch what people are doing with their money instead of what they say they are doing.
Tim Melvin: The Case for Private Equity Replication
Private equity replication represents a unique opportunity for investors to avoid the high costs of PE investment. Forbes Magazine recently ran a story about the high barriers to entry for private equity investors.
“What’s Next? Investment Trends for the Future” – A New Study Gauges the Institutional View Three Decades Into the Future
The poll explores institutional investors’ sentiment and allocations regarding the dominant economic trends in the global economy.
Investcorp, a leading global provider and manager of alternative investment products, conducted the new study. It showed that 78% of respondents were very confident that an aging population would be the most important trend over the next thirty years.
The DailyAlts Playbook – October 17, 2019
THE DAILYALTS PLAYBOOK October 17, 2019 Today, the DailyAlts Playbook talks about a Brexit Deal, Questions about ESG and China, Elizabeth Warren’s unsurprising announcement on finances, and just how rich that 35-year-old next door is (hint: he owns three houses). PRIME OVERVIEW Good morning, Global markets were ripping higher on Thursday thanks to significant developments…
Melvin: Are Community Banks an Alternative Investment?
Are community banks alternative investments? That question requires a deeper understanding of liquidity, structure, and broader market correlation. Before we start, it’s worth noting that the Chartered Alternative Investment Analyst (CAIA) Association has a specific definition for alternative investments.
SEC Increases Teacher Investment Outreach
The SEC announced a new investment outreach effort for public school educators. The agency has launched a series of podcasts, educational tools, and more to help provide insight into retirement planning. Below is the press release from the agency’s site.
Baker McKenzie: Prepare for a Downturn in M&A
The Chicago-based law firm issues its key projections for 2020 Baker McKenzie released its latest report, Global Transactions Forecast 2020: Powering Through the Downturn. The report addresses topics around M&A trends, IPO growth, and global GDP in 2020. This report examines M&A markets around the world and lays out the firm’s projections for 2020. Baker…
French Pension Fund Dodges U.S. Treasury Market
ESG Concerns Shun the World’s Most Liquid Market A French pension fund and several other ESG funds are shunning the U.S. Treasury market. The funds found fault this week with the United States government and listed reasons for divestment. According to Bloomberg, ESG funds at Erste Asset Management, Joh. Berenberg Gossler, and Union Investment are…
Book Review: What It Takes: Lessons in the Pursuit of Excellence
Tim Melvin Review’s Stephen A. Schwarzman’s Memoir “What It Takes: Lessons in the Pursuit of Excellence” is a new book by Stephen A. Schwarzman of Blackstone. I read it cover to cover the weekend I got my copy. Mr. Schwarzman, along with Pete Peterson, built Blackstone into one of the largest alternative investment managers in…
Kroll Bond Rating Agency Conference Recap in New York City
The Kroll Bond Rating Agency and New York University’s Stern School of Business joined forces recently to hold their very first credit conference. The conference included keynote talks from several thought leaders. The list includes Stanford Graduate School of Business professor Darrell Duffie, President of the Boston Fed Eric Rosengren, and NYU Stern professor and bankruptcy guru Edward Altman.
Here’s What Negative Interest Rates Would Do to the Community Banking Industry
Negative interest rates have generated a lot of noise in Europe and Asia. What would happen if the Federal Reserve adopted negative interest rates? That was the subject of a report released this week by the Kroll Bond Rating Agency.
Melvin: What People Are Getting Wrong About The Private Equity Buyout Study
The Economic Effects of Private Equity Buyouts is a study generating a lot of headlines. These headlines would suggest that private equity has negative impacts on the companies they buy, especially the workforce. But just how accurate are those takeaways?
Breakdown of “Community Banking in the 21st Century”
During last week’s Fed-sponsored conference, new data emerged from the Community Banking in the 21st Century survey.
In the survey introduction, Bret Afdahl Chairman, Conference of State Bank Supervisors, wrote:
“For the first time in years, compliance costs are not the top financial concern for community banks. Instead, it is funding.”
And the risk they fear most?
Cybersecurity.
Fed Governor Michelle Bowman Talks Community Banking
Fed Governor Michelle Bowman spoke at the opening of the” Community Banking in the 21st Century” 2019 Community Banking Research and Policy Conference sponsored by the Federal Reserve System this week. She discussed takeover activity in the sector.
Elizabeth Warren: Everything is Wrong with Private Equity, Everything
The “Elizabeth Warren War on Private Equity” hit a new stride after the Democratic candidate took aim at PE firms that own or back for-profit colleges. Recently, Senator Warren (D-Mass) and Representative Mark Pocan (D-Wisc.) co-signed a 30-page letter to six private equity firms about investment in these colleges. The Democrats asked several questions about the schools’ marketing, tuition costs, federal aid practices, profits, graduation rates, and related legal actions.
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.
The DailyAlts Playbook – October 3, 2019
Today, the DailyAlts Playbook talks Trump tariffs on the things we love, Libra’s woes, the ESG Gold Rush, and a special lunch with Bill Ackman.
The Dow was flat on Thursday and unable to get any footing after a massive downturn yesterday. The markets continue to raise concerns about economic data and growth while monitoring ongoing trade developments. With trade dominating the headlines, let’s dive into the two related stories driving sentiment.
WSJ: Libra May Lose Key Partners over Regulatory Scrutiny
The Facebook Libra cryptocurrency project could lose key partners, according to the Wall Street Journal. However, the report did generate a response from David Marcus and Facebook.
Preqin Releases ESG Indicators
Preqin ESG scoring is now an offering for companies. Preqin established a methodology and common benchmark for managers to measure performance and reach financial and ESG targets.
Credit Suisse Asset Management Makes ESG Announcement
Credit Suisse Asset Management announced plans to adopt ESG factors into all of its investment decisions. The firm said that any fund with more than CHF 20 billion in assets will implement ESG criteria into its framework.
The DailyAlts PlayBook – October 1, 2019
Today, the DailyAlts Playbook talks Trump’s approval rating, Tom Barrack’s dealmaking, and why the Pope is worried about robots.
The DailyAlts Playbook – September 26, 2019
THE DAILYALTS PLAYBOOK September 26, 2019 Today, the DailyAlts Playbook talks topics like the wave of activist adventures, the (temporary) end of diversity on the ECB, and why Josh Brown wants Altria Group to vanish from the markets like vaping smoke. PRIME OVERVIEW Good morning, The Dow Jones is up about 51 points today as…
A Conversation with Cheryl Pate, Angel Oak Capital Advisors
A Conversation with Cheryl Pate, Angel Oak Capital Advisors Angel Oak Capital Advisors is a financial services firm with income funds that primarily deal in bank debt. Today’s DailyAlts interview is with Portfolio Manager Cheryl Pate. One of them is an open-ended mutual fund. The Angel Oak Financials Income Fund. Ticker, A-N-F-L-X. The company also launched a…