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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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The DailyAlts Playbook: Super “Biden” Tuesday, Roaming Chickens, Fed “Fear”, and Why It Takes Zero Millennials to Change a Light Bulb
March 4, 2020

We start Wednesday with Super Tuesday. Uncle Joe Biden has completed a stunning consolidation of support across the Democratic party and stopped the momentum of Senator Bernie Sanders. An NBC…

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Hedge Funds: Nikola Corp. Plans to Go Public with Reserve Merger
March 3, 2020

Electric vehicle manufacturer Nikola Corp. has plans to go public and merge with a publicly traded special purpose acquisition company. That SPAC is backed by hedge fund ValueAct and Fidelity. According…

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Hedge Funds: Activist Hedge Fund Elliott Management Targets Twitter
March 3, 2020

Twitter Inc (NYSE: TWTR), which owns the social media and tweeting platform so loved by President Trump, is under siege. Elliott Management, the feared activist hedge fund owned by billionaire…

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Hedge Funds: Chris Hohn Looks to End Coal Production as We Know It
March 2, 2020

Hedge fund billionaire Chris Hohn has launched a platform aimed at reducing financing for coal-fired power plants. The ESG crusader wants central banks to effectively stop the financing of coal…

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The DailyAlts Playbook: Tom Steyer’s Suspension, the ECB’s Self-Plagiarism, and Tough Times for Masayoshi Son.
March 2, 2020

The DailyAlts Playbook talks about Tom Steyer’s Suspension, the ECB’s Self-Plagiarism, and Tough Times for Masayoshi Son.

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Artificial Intelligence: The Boston Globe To Automate Content and Data With New Startup
February 28, 2020

AppliedXLabs, the joint venture between The Boston Globe and Newlab, will create AI tools that will drive data-driven journalism. These tools will automatically pull data from sources that are currently…

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FinTech: South African Fintech Jumo Secures US$55M in Goldman Sachs-Led Round
February 28, 2020

Jumo secures US$55M in Goldman Sachs-led round. It will use the funds to expand into new markets and launch in Africa and Asia. Odey Asset Management and Leapfrog Investments participated…

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Liquid Alternatives: Invesco Launches New Sterling Corporate Bond ETF With ESG
February 27, 2020

Invesco, the fund manager with $1.23 trillion in assets under management as of December 31, 2019, has launched in Europe a new, first-of-its-kind, sterling-denominated, corporate bond ETF with an ESG…

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Venture Capital: VCs, Wake Up And Smell The ClimateTech Coffee
February 27, 2020

Andrew Chung, of 1955 Capital, says climate change is the perfect storm. A huge market is shaping up around ClimateTech, a category of solutions that enable governments, companies, and individuals…

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Venture Capital: SambaNova Systems Raises $250M for Its AI Systems Platform
February 26, 2020

SambaNova Systems, whose founders are the crème-de-la-crème of Silicon Valley, raised $250 million in a Series C funding. The startup is at the cutting edge of AI and large-scale computing….

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