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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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Alternative Investments: Howard Hughes Corporation Announces Secondary Offering
March 30, 2020

The Howard Hughes Corporation (NYSE: HHC) announced a secondary offering on Friday. The offering consists of two million shares at $50 a share. The company said it also entered into…

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DailyAlts Playbook: Money Printing, Jams on the 90s, and Why Sovereign Funds are Struggling
March 27, 2020

The Dow Jones projected a 680-point decline in premarket hours as the markets selloff from a massive three-day rally. The mainstream press is back in cheerleader mode, proclaiming that the…

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Hedge Funds: Paul Tudor Jones Expects Stocks to Retest March Lows
March 26, 2020

Paul Tudor Jones said Wednesday that he expects that the market will push higher by June. However, he expects there to be a very volatile market come April.  In an…

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Digital Assets: The Corona Fund Index Cryptocurrency (CFIX) From HashCash
March 26, 2020

HashCash Consultants are launching a new cryptocurrency, the Corona Fund Index Cryptocurrency (CFIX) in a drive to battle the COVID-19 pandemic crisis. The new crypto will launch on April 2…

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The DailyAlts Playbook: Jobless Claims, Ackman’s Short Bet, and “Billion-Airs”
March 26, 2020

This morning, markets are preparing for a record jump in the number of weekly jobless claims. We’ve seen projections ranging between 1 million and 3.4 million, well above the 281,000…

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Hedge Funds: Did Bill Ackman Make $2.6 Billion on the Coronavirus Outbreak?
March 25, 2020

Hedge fund manager Bill Ackman says Pershing Square Capital earned $2.6 billion by betting that the coronavirus outbreak would pummel markets. The news comes a week after Ackman appeared on…

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Private Equity Dry Powder is Ready to Deploy
March 25, 2020

Private equity managers will likely deploy more than $2 trillion in cash that has sat on the sidelines during the recent carnage and volatility in the financial market.

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FinTech: Revolut Expands Across the Atlantic; Dismisses Corona Concerns
March 25, 2020

Digital “neobank” Revolut, the London-based fintech unicorn, is rolling out its app-based banking service in the U.S. The upstart bank, which commenced operations in 2015, has already amassed over 10…

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Alternative Investments: Ares Capital Pens Shareholder Letter on Coronavirus
March 24, 2020

Specialty finance lender Ares Capital (NYSE: ARCC) sent a letter to its shareholders. The letter aims to calm fears about the impact of the coronavirus. The Business Development Company’s (BDC)…

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DailyAlts Playbook: March 24 – The Leaders We Deserve, Why Twitter Debates are Worse than Orioles Games, SALT’s Cancelation, and Coronavirus Updates 
March 24, 2020

Global coronavirus cases surpassed 382,000, according to Johns Hopkins University. The ongoing surge in cases has fueled an “unprecedented” collapse in economic activity in Europe during March.

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