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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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FinTech: Aussie Telco Software Company ZipTel Acquires Financial Wellness Company Douugh Ltd
March 23, 2020

Ziptel Ltd (ASX: ZIP), an Australian owned and operated telecommunications business that provides international roaming and calling solutions, is changing its business model. It is acquiring the entire share capital…

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Hedge Funds: Seth Klarman Emerges to Open Baupost Group
March 20, 2020

Value investor Seth Klarman has emerged from his bearish slumber. The head of Baupost Group announced he had spent $1.5 billion on new investments in recent weeks. Bloomberg reports that…

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DailyAlts Playbook: Insider Trading in Congress, Stimulus Packages, and the Threat of a Credit Crisis
March 20, 2020

We start in Washington… but not on the stimulus plan. We’ll get into those details in a moment because the United States people have a new public enemy. This is…

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Private Equity: KKR is Buying Recycling Firm Viridor for £4.2 Billion in Cash
March 20, 2020

In the largest deal since the coronavirus began crashing markets and economies, KKR (NYSE: KKR) is buying UK recycling company Viridor. It will acquire the firm from Pennon Group for…

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The DailyAlts Playbook: Corona Cases Surge, Warnings from 2012, Universa’s Massive Win, and Party Bros
March 19, 2020

Today, the DailyAlts Playbook talks the Surge in Corona Cases, Warnings from 2012, Universa’s Massive Win, and Party Bros.

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Venture Capital: Keros Therapeutics Files With the SEC for an $86M IPO
March 18, 2020

The stock markets have been hammered by panicked investors fearing the worst from the coronavirus epidemic. Roiled by fear, the CBOE VIX index is currently ruling at a high 75.91,…

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The DailyAlts Playbook: Buyback Blowback, Hyperbolic Growth, and the Movement to Stop Short-Selling (for now).
March 18, 2020

The Dow Jones projected an 821-point decline as the futures market hit limit down yet again Wednesday morning. The volatile opening comes a day after the Trump administration announced plans…

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Artificial Intelligence: AI-Controlled Robot Tanks Soon
March 18, 2020

Robot tanks will soon enter the battlefield. Using AI, their operators will command the robots to perform surveillance, acquire targets, even fire weapons. The Army Research Laboratory (ARL) is working…

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Hedge Funds: Ricky Sandler is Buying Stocks Despite Coronavirus
March 18, 2020

Hedge fund manager Ricky Sandler said Monday that he is buying stocks while markets continue their historic selloff. In an interview with CNBC, the head of Eminence Capital said that…

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Venture Capital: (Coronavirus) How Gig Economy Companies Do NOT Flatten the Curve
March 17, 2020

According to Edward Ongweso Jr and Jason Koebler, writing in Vice/Motherboard, gig economy companies are a public health risk. The business models of companies such as Uber (NYSE: UBER) and…

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