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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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Artificial Intelligence: Banjo, the Startup That is Utah’s All-Seeing Eye-in-the-Sky
March 10, 2020

This Small Company Is Turning Utah Into a Surveillance Panopticon

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DailyAlts Playbook: NBC News’ Remarkable Debt Coverage, Corona CAPE Shiller, and Why Just Six States Will Decide This Election
March 10, 2020

Goldman Sachs had a call on Monday that features health and economic experts on the state of the Coronavirus outbreak. The call indicated that China is no longer the driving…

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Alternative Investments: U.S. Prosecutors Oppose Release of Bernie Madoff
March 10, 2020

U.S. prosecutors said Wednesday that they oppose the release of Bernie Madoff from prison even if he is dealing with kidney disease. In a statement, prosecutors said that Madoff has…

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Digital Assets: BitGo Flags Off Crypto Lending to Institutions
March 10, 2020

BitGo, one of the oldest and largest custodians of digital assets, is taking the plunge into lending cryptocurrencies to institutions, it announced Thursday. (BusinessWire) “With our lending service, we are…

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Artificial Intelligence: Customer Service and AI – Together, a Win-Win
March 9, 2020

The report “Jobs of Tomorrow: Mapping Opportunity in the New Economy” by the World Economic Forum finds that, as a fallout from the adoption of new technologies, demand for both…

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FinTech: Cannabis Cash Spells Opportunity for Fintechs
March 6, 2020

The regulation-strapped but cash-rich weed industry is fertile ground for fintech innovation. Legalization of marijuana, for medical or recreational use, has not addressed a very basic need of the industry…

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The DailyAlts Playbook: Why it’s Time to Ditch T-Mobile, Berkshire’s Delta Buy, a Bearish Bill Ackman, and the Global Response to Coronavirus.
March 5, 2020

THE DAILYALTS PLAYBOOK March 5, 2020 Today, the DailyAlts Playbook talks about why it’s Time to Ditch T-Mobile, Berkshire’s Delta Buy, a Bearish Bill Ackman, and the Global Response to…

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FinTech: Ant Financial Beefs Up Ties With Klarna; Buys Minority Stake
March 5, 2020

Ant Financial, which owns the Chinese Alipay payments platform and is an affiliate of e-commerce giant Alibaba (NYSE: BABA), has acquired a small stake in Swedish fintech Klarna. Klarna, along…

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ESG: Brown University Dumps 90% of Its Fossil Fuel Investments
March 4, 2020

Brown University has divested 90% of its holdings in companies that extract fossil fuels. In a letter to the campus Wednesday, President Christina Paxson announced the decision. The school’s endowment…

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Private Equity: Stephen Schwarzman Isn’t Sure the Fed Can Restore Confidence
March 4, 2020

Blackstone CEO Stephen Schwarzman said it “remained unclear” if the Fed can restore economic confidence following the coronavirus outbreak. The Federal Reserve slashed interest rates by 50 basis points on…

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