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DailyAlts Playbook Talks Ackman’s Optimism, The Big “Short-ier”, Carbon Skeptics, and Now That’s Music 29

A number of funds saw massive gains during the breakdown in the market between February 20 and March 20. The latest manager to generate headlines is Kevin Smith at Crescat Capital. His two primary funds earned 40.5% and 34.5% during that period. Smith’s co-portfolio manager compared this selloff and their gains to the book The Big Short. While there are always winners, there are also losers. It appears that Bridgewater and Third Point, both run by dynamic managers, had a tough quarter. Bridgewater’s main fund reportedly lost 20% during the quarter. Dan Loeb’s Third Point had an 11% loss last month. Finally, Glenview shed 30% on paper during Q1.

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The DailyAlts Playbook – January 27, 2020
January 27, 2020

Today, the DailyAlts Playbook talks Kobe Bryant’s legacy, the Monday meltdown, insider trading, and impeachment.

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American Banking Association: M&A Expectations for 2020
January 24, 2020

The American Banking Association has released its outlook for merger and acquisition activity in the banking sector in 2020. The ABA finds that the forces contributing to the consolidation of…

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The DailyAlts Playbook – Davos Virtues, Goldman’s IPO policies, and John Stumpf’s Limitations.
January 24, 2020

This morning, the Dow Jones was pushing higher despite ongoing concerns about China’s coronavirus outbreak. Today is also the conclusion of the World Economic Forum, an event swarming with anti-capitalist…

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Hedge Funds: After a Banner Year, ValueAct Rejigs For the Next Twenty
January 23, 2020

After a Banner Year, ValueAct Rejigs For the Next Twenty. Founder Jeff Ubben steps down as CEO; will remain as chairman. His position as CEO will now be filled by…

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Hedge Funds: Shades of LTCM Lurk, Only This Time It Could Be Much Bigger
January 22, 2020

Regulations hobbled banks’ risk-taking abilities after the last global financial crisis. But risk never really went away, it just switched masks. And hedge funds are the new face of unbridled…

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Blackstone CEO Steve Schwarzman: Fewer Things to Buy Today for Private Equity
January 21, 2020

Blackstone CEO Steve Schwarzman confirmed our concerns about dry powder and higher valuations during an interview at the World Economic Forum. Schwarzman discussed the lack of opportunities with CNBC. The…

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ESG: Best Buy’s CEO in the Dock for Alleged ‘At-Work’ Liaison
January 20, 2020

Current Best Buy CEO Corie Barry allegedly had a romantic relationship with a male colleague before taking charge as CEO in June 2019. Best Buy’s board is investigating the charge,…

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ESG: Lately-turned Tesla Bull Jim Cramer Adds Fink To The Mix
January 16, 2020

Larry Fink’s emotionally charged plug for ESG ticks all the investment boxes for Tesla. According to Cramer, electric car maker Tesla could be a beneficiary of BlackRock’s new-found love for…

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The DailyAlts Playbook – Trump’s Search for Ken Griffin, Souvenir Impeachment Pens, Family Office Flows, and Kyle Bass’s Hong Kong Warning – January 16, 2020
January 16, 2020

This morning, U.S. markets are ticking higher as markets largely ignore Impeachment drama in Washington and cheer the Phase One trade deal between the U.S. and China. The dollar is…

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Investment Company Institute: Funds are Pouring Money into Bonds
January 16, 2020

The Investment Company Institute cited the largest outflows of capital from mutual funds and ETFs since September. During the first full week of 2020, fund investors pulled $13.1 billion out…

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