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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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Artificial Intelligence: Ex-Goldman CIO Makes Leap to Healthcare
January 15, 2020

Marty Chavez walked away from Goldman Sachs in late 2019. Now, he’s sitting on the board of artificial intelligence startup Paige. The New York-based firm uses AI to detect, diagnose,…

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FinTech: Visa Snaps Up Fintech Network Plaid for $5.3 Billion
January 14, 2020

Visa Snaps Up Fintech Network Plaid for $5.3 Billion. Plaid allows people to connect their finances to apps. Fintech applications need to connect up with a user’s financial accounts to…

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Hedge Fund Westbeck Capital Management: Time to Bet on Canadian Energy
January 14, 2020

Westbeck Capital Management is turning its attention to beaten-down Canadian energy companies. The energy hedge fund believes that these firms will have stronger cash flows in the year ahead compared…

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Hedge Fund Alden Global Capital Offers Buyouts to Tribune Publishing Employees
January 13, 2020

Tribune Publishing buyouts are coming. And it didn’t take long for newsroom jitters to become a reality. Just two months after Alden purchased a 32% stake in the publisher, it…

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Fintech: The Reserve Bank of Australia Sees Little Need for Libra Project
January 13, 2020

The Reserve Bank of Australia is the latest central bank to suggest that the Libra cryptocurrency project will not work. It also questioned the viability of central bank digital currencies…

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The DailyAlts Playbook – PointState’s Redemption Woes, Crypto Whale Dominance, a Sleepy IPO, and a Contest to Fly around the Moon with a Love-Starved Japanese Billionaire.
January 13, 2020

Today, the DailyAlts Playbook talks PointState’s redemption woes, Crypto Whale dominance, a sleepy IPO, and a contest to go around the moon with a love-starved Japanese billionaire.

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Amazon Tells Users to Uninstall Fintech Browser Honey Over Security Issues
January 13, 2020

The browser extension Honey just lost a huge source of opportunity. Just weeks after PayPal purchased the browser extension for $4 billion, Amazon has told customers to uninstall it. The…

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ETF Challenger WisdomTree Wants to Launch a Stablecoin
January 13, 2020

WisdomTree is pushing to launch a regulated cryptocurrency in the U.S. markets. The firm’s stablecoin would be pegged against a basket of assets – which could include government debt, the…

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BlackRock Joins Climate Action 100+
January 10, 2020

Climate Action 100+, an investor network that is pushing for disclosures into carbon emissions, has inked BlackRock to its roster. The three-year-old investor group is pushing for commitments to reduce…

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Alternative Investments: Sen. Ron Wyden Dismisses Ethos’ Response to .org Domain Sale
January 10, 2020

The protest over the sudden and non-transparent sale of the .org domain to an obscure private equity firm for $1.35 billion has three Democratic Senators embroiled in it. Last month,…

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