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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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Natixis Investment Managers Survey Shows Shift To Private Investments
December 5, 2019

Natixis Investment Managers has released the results of its survey of investment managers this week. Natixis surveyed 500 institutional investors, who collectively manage more than $15 trillion in assets. These…

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Another High-Level Exit, and Job Cuts, At Scandal-Rocked GAM Holding
December 4, 2019

No respite for GAM Holding as it weighs a 40% cut in its workforce and the departure of its Head of Investments. GAM Holding announced Monday the departure of Matthew…

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Private Equity Giant Carlyle Group’s Latest Windfall: SBI Cards
December 2, 2019

The SBI Cards IPO will be the largest public offering in India this year. On November 27, the company filed its draft prospectus but failed to provide any valuation insight….

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Robinhood Drops Plans to Become A Bank; Withdraws Application
November 29, 2019

Robinhood, the pioneering zero commission stockbroker, has put banking ambitions on the backburner. Robinhood withdrew its bank charter application to launch a federally insured bank. It had filed an application…

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Private Equity Firm Warburg Pincus to Raise $1.5 Billion India-Focused Fund
November 29, 2019

An India-focused private equity fund is coming to the markets. PE s Warburg Pincus announced plans to raise $1.5 billion for its first fund centered around India. Reuters reported that…

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Real Estate Private Equity Firm Raises $540.8 Million
November 28, 2019

Green Courte Partners specializes in niche real estate investing. Think airport parking. Leased land communities. Senior housing. Green Courte Partners is a private equity real estate investment firm that builds…

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Pensions Jack Up Exposure to Alternative Investments
November 27, 2019

Interest rates have been declining since the financial crisis and the resultant falling investment returns have put pension funds under pressure. Pension funds turn to alternative investments to offset the…

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Maxine Waters Takes On The Private Equity Industry
November 27, 2019

Last week, U.S. House Financial Services Committee Chair Maxine Waters held a hearing to discuss private equity firms and their role in society.

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Hedge Fund Stone Milliner Asset Management Will Shutter
November 27, 2019

Macro hedge fund Stone Milliner Asset Management is closing its doors. The company announced it would return capital to investors in the face of weak performance and ongoing outflows.

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Here’s What Private Equity Giant Blackstone Group is Doing With It’s Money
November 26, 2019

Blackstone Group investments are always an interesting subject. The private equity and alternative asset management behemoth Blackstone has had a very successful fundraising year in 2019.

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