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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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Elliott Management Supports Split of Nielsen Holdings
November 8, 2019

Nielsen Holdings has announced plans to split itself into two separate public companies. The plan – backed by Elliott Management – will unlock shareholder value.

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BofAML: Assets at European ESG Equity Funds Could Rise by €1 Trillion
November 8, 2019

Regulatory compulsions and structural trends will boost assets under management at ESG equity funds in Europe, say BofAML analysts. In their study titled “ESG Matters – Europe: Great for the…

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eToro Bulks Up on Crypto Services; Acquires Delta’s Portfolio Tracker
November 7, 2019

eToro, the multi-asset social and copy trading brokerage, acquired Delta for a reported $5 million. The portfolio tracker gives a bird’s eye view of the crypto market across 6,000 assets…

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Will Walgreens Shatter the Private Equity LBO Record?
November 6, 2019

KKR and other PE Firms are Eyeing the Pharmacy Benefits Giant Walgreen Boots Alliance is talking to private equity firms about going private. CNBC reports that KKR is one of…

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AstraZeneca Launches $1 Billion Fund with CICC (with an AI Twist)
November 6, 2019

AstraZeneca, the British pharma giant, will launch a $1 billion fund with China International Capital Corporation (CICC).

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CEM Benchmarking: How REITs Match Up Against Other Investments
November 5, 2019

In October, CEM Benchmarketing compiled a study for the National Association of Real Estate Investment Trusts (NAREIT). The study is called “Asset Allocation and Fund Performance of Defined Benefit Pension…

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CPPIB to Buy Pattern Energy Group for $2.63 Billion
November 4, 2019

The Canada Pension Plan Investment Board (CPPIB) announced plans to buy Pattern Energy Group for $2.63 billion. CPPIB announced details of the deal for the renewable energy giant on Monday….

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Leon Cooperman Writes Scathing Letter to Senator Elizabeth Warren
November 1, 2019

Leon Cooperman rips Elizabeth Warren in new letter for ‘soak-the-rich positions,’ and treating him like ‘an ungrateful child’

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Preqin: Hospitality REITs Looked Strong in 2018
October 31, 2019

A new Preqin report is out. Preqin joined asset manager Pro-invest Group to track the performance of the hospitality REIT industry. The result is a new study showing the sharp…

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Illinois Teachers’ Retirement System Bets Big on Alternatives
October 30, 2019

Illinois Teachers’ Retirement System is preparing to allocate about $1.4 billion toward alternative investment strategies. A report from Pension and Investments outlines the commitments from the teachers’ pension program. According to the…

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