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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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JP Morgan Will Use Blockchain to Monitor Dealers’ Financed Car Inventory
November 25, 2019

Error (or fraud-) prone recording of auto inventory will be a thing of the past after JP Morgan implements blockchain. Wholesale car financing at JP Morgan will get a lot…

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London Stock Exchange and PrimaryBid To Democratize Public Equity Offerings
November 22, 2019

The London Stock Exchange (LSE) has tied-up with fintech PrimaryBid to give retail investors access to share offerings. PrimaryBid’s internet-based investment platform will allow retail investors to digitally access share…

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Investors Concerned About Executive Compensation: Report From Farient Advisors
November 22, 2019

Engaged investors continue to be concerned about climate change, gender adversity, and pay equality, says a report from Farient Advisors and the Global Governance and Executive Compensation Group. Investors are…

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Charles Schwab Looks to Purchase TD Ameritrade
November 21, 2019

Charles Schwab and TD Ameritrade could merge, according to CNBC’s Becky Quick. News of a possible deal dropped on Thursday morning.

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Bill Gates-backed Startup Announces Clean Energy Breakthrough
November 21, 2019

Heliogen, a startup backed by Bill Gates, announced a breakthrough solar energy technology that could be a boon for heavy industry. Heliogen uses artificial intelligence and mirrors to reflect and…

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Activist Carl Icahn Is Shorting Mall Owners – Should You?
November 20, 2019

Activist Carl Icahn has taken another big bet against a sector. This time, the hedge fund manager is targeting mall operators. Icahn could earn $400 million or more if mall…

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HarbourVest Closes Fifth Fund at $3 Billion
November 20, 2019

HarbourVest Partners announced it has closed its latest fund at $3 billion. The private equity shop announced the HarbourVest Partners Co-Investment Fund V at oversubscribed. its original target was $2.5…

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Commissioner Lee Focuses the SEC on a revamp of ESG
November 20, 2019

SEC Commissioner Allison Herren Lee wants the SEC to clarify its role and update disclosure requirements on ESG. In prepared remarks addressed to the Investment Advisory Committee (IAC), SEC Commissioner…

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Your ‘Feel-good’ ESG Fund is on a Tear: But Do You Know Why?
November 19, 2019

Investors should examine the underlying holdings of their ESG-focused funds to determine hidden portfolio risk. CNBC’s Mitch Goldberg warns that a lot of the outperformance in many ESG funds has…

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Walmart Canada To Roll Out World’s Largest Blockchain For An Industrial Application
November 18, 2019

Walmart Canada and blockchain company DLT Labs collaborated to develop the retail giant’s automated freight tracking and payments system. The new blockchain-based logistics system will use distributed ledger technology. It…

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