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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 Assets: Funds Surpass $10 Trillion In AUM in 2019
February 25, 2020

A new Preqin report shows that the alternative assets industry has reached “14 figures.” Total AUM surpassed $10 trillion for the first time in 2019. The industry added at least…
The DailyAlts Playbook: Buffett’s Crypto Snub, Why the Selling Stopped, Who’s Shorting Airlines, and the Odds of Another Rate Cut.
February 25, 2020

We start today in Asia, where the road to recovery from Monday’s massive selloff begins. Although the Nikkei lost 3.3% in overnight trading, Chinese markets were largely flat. The Dow…
Venture Capital: M33 Raises $260M to Fund “Scrappy, Bootstrapping” Founders
February 25, 2020

M33 raises $260m to fund scrappy, bootstrapping founders. In its second fund, M33 will continue to back hi-tech startups who grew their way to profitability without institutional support.
DailyAlts Playbook – Why You Shouldn’t Hide Important Financial Documents in Your Fishing Gear.
February 24, 2020

Today, the DailyAlts Playbook talks Commodity Swings, Public V. Private Gains, Cannabis Expectations, and Why You Shouldn’t Hide Important Financial Documents in Your Fishing Gear.
Fintech: Intuit Looks to Buy Credit Karma for About $7 Billion, Says WSJ
February 24, 2020

Intuit (NASDAQ: INTU) – the firm behind Turbo Tax and QuickBooks – is buying tech portal Credit Karma. The Wall Street Journal reported Sunday that the two companies could announce…
FinTech: Singapore’s Grab To Get $700M Investment From Mitsubishi UFG-Reports
February 20, 2020

Grab, one of the largest fintech apps used by millions of users to hail rides, order food and make payments, will receive a $700 million investment from Mitsubishi UFJ Financial…
Digital Assets: BitGo Goes The Whole Nine Yards; Buys Harbor, Subsidiaries and All
February 19, 2020

BitGo, the leader in crypto custody services, acquires Harbor, the top name in digital securities. It’s a diversification move aimed at a role in the entire transaction chain of digital…
Artificial Intelligence: Margrethe Vestager to Announce the EU’s New Regulations For AI Today
February 18, 2020

The EU’s rules set to be announced today will thrust on enhancing the region’s competitiveness but will do so with an emphasis on transparency, oversight, and protection of privacy.
Liquid Alternatives: American Century May Unveil the Very First Non-Transparent ETFs
February 18, 2020

Two American Century funds may be the first to test waters as “actively managed” ETFs. Having received the SEC’s approval for its final key filing, Cboe BZX Exchange, Inc. is…
The DailyAlts Playbook: Coronavirus Blowback, Targeting the Astros, Digital Waste, Money Mergers, and the Shop that Predicted Tesla’s Surge
February 18, 2020

We start the day with the U.S. markets in the red after Walmart Inc. (NYSE: WMT) missed earnings and Apple (NASDAQ: AAPL) warned about the impact of the coronavirus.

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