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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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Digital Assets: A Cloud-based, Turnkey Crypto Exchange Solution From Binance
February 18, 2020

Binance, which is the world’s largest crypto exchange by trading volume, announced Monday the launch of its Binance Cloud. The Binance Cloud is an all-in-one solution for crypto market participants…

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Digital Assets: CelticGold, An EU Gold Company, Advocates Bitcoin
February 17, 2020

CelticGold, a Frankfurt-based precious metals trading company, that trades “one of the largest portfolios of investment gold & silver coins and bullion worldwide,” has recommended bitcoin as an investment. “At…

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BlackRock Makes Big ESG Push on ETFs
February 14, 2020

BlackRock ESG ETFs have emerged as a popular draw among institutional investors. This week, the alternative investment manager announced a $600 million investment from Finland’s largest pension insurance firm. Ilmarinen…

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FinTech: N26’s Shock Announcement of its Departure From the U.K.
February 13, 2020

Challenger bank N26 asks UK customers to shut accounts by April 15. N26 has announced its departure from the UK on account of Brexit in a blog post. “With the…

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Digital Assets: German Banks Line Up for Licenses to Offer Crypto-Custody Services
February 13, 2020

About 40 banks have applied to Germany’s Federal Financial Supervisory Authority, or BaFin, for licenses to operate custody services for digital assets. (Coingeek) Bafin last month released new guidelines that…

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Artificial Intelligence: White House To Significantly Hike Spending on AI and Quantum Sciences
February 12, 2020

The White House is committed to double R&D spending in nondefense artificial intelligence (AI) and quantum information science (QIS) by 2022. The Office of Science and Technology Policy (OSTP) on…

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Liquid Alternatives: New Fixed Income ETFs From BMO Now Trading in Toronto
February 12, 2020

New Fixed Income ETFs From BMO are Now Trading in Toronto. The three new ETFs include a first-of-its-kind one that is based on mortgage-backed securities. Two of these new fixed-income…

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FinTech: ASX-Listed, Buy Now Pay Later Startup Sezzle Notches Up 1M Customers
February 11, 2020

The Sezzle payments platform, which enables credit-starved shoppers to “buy now, pay later,” now boasts of one million customers across the United States and Canada. Launched in 2016, it took…

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Hedge Funds: Elliott’s Offensive on Evergy Unnerves Chamber of Commerce
February 10, 2020

Curtis Sneden, president of the Greater Topeka Chamber of Commerce is concerned about repercussions from activist hedge fund Elliott Management’s broadside against regional utility Evergy, Inc. (NYSE: EVRG). Feared activist…

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The DailyAlts Playbook: China’s Repo Dealings, Sycamore’s “Secret” Buy, Dalio’s Latest Warning, and the $100 Billion “Book of Mormon.”
February 10, 2020

Today, the DailyAlts Playbook talks about China’s Repo Dealings, Sycamore’s “Secret” Buy, Dalio’s Latest Warning, and the $100 Billion “Book of Mormon.”

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