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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: AI To Trawl Medical Data Troves To Identify ‘Cause And Effect’, Sharpen Diagnosis
February 6, 2020

There is a vast store of data from medical observational studies or randomized controlled trials accumulated over the decades. What if we could deploy an AI algo to scour this…

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Hedge Fund: Pershing Square Capital Sells Starbucks Stake
February 6, 2020

Pershing Square Capital has exited its stake in Starbucks Corporation (NASDAQ: SBUX). According to reports, Bill Ackman’s hedge fund announced the divestiture during an investor presentation today. 

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Artificial Intelligence: AI Fintech AiX Wants To Put Voice Brokers Out of Business
February 5, 2020

London-based fintech AiX has developed an artificial intelligence-based chatbot system that ‘talks’ to human traders at banks and institutions. It relies on natural language processing and cognitive reasoning to function…

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The DailyAlts Playbook: Tesla’s Rally, Interest Rate Cuts, Corona-covery, and “Leverage” in the Art Markets
February 5, 2020

This morning, we start with Tesla Inc. (NASDAQ: TSLA). The parabolic rise of Elon Musk’s electric vehicle company has seen its stock jump by 100% to start the year.  Short sellers…

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Artificial Intelligence: How to Invest in The Next Big Thing
February 4, 2020

Buy a piece of the looming tsunami of growth in the AI market by investing today. Artificial intelligence, or AI, is the fourth industrial revolution. The steam engine heralded the…

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Real Estate: IIPR Announces Sale-Leaseback Deal with Green Thumb Industries
February 3, 2020

Innovative Industrial Properties (IIPR) has announced a sales-leaseback deal with Green Thumb Industries (GTBIF). The $2.9 million deal is for a licensed cannabis processing facility in Toledo, Ohio. 

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Venture Capital: Saudi Investment Firm Participates in Electric Air Taxi Startup Funding
February 3, 2020

Jameel Investment Management Company invests in Joby Aviation. California-based Joby Aviation, an electric air taxi startup founded in 2009, raised $590 million in a Series C fundraising. The round was…

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The DailyAlts Playbook: All Quiet on the Brexit Front. China’s Economy Takes Another Hit. And Nine More Months of Election Season
February 3, 2020

The morning, we start in China, where a massive selloff hit the Shanghai Index during the market’s first day back from the Lunar New Year celebration. The Index fell by…

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FinTech: Online Insurance Marketplace and Insurtech Policygenius Raises $100 Million
January 31, 2020

Policygenius, an online marketplace for comparing and buying insurance products, announced the successful raising of $100 million via its Series D funding round. Jennifer Fitzgerald and Francois de Lame founded…

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Digital Assets: Tether Gold is a New Gold-backed Crypto-Asset
January 27, 2020

Tether announced the launch of the Tether Gold (XAU₮), a digital token that is backed by collateral of physical gold (XAU). These tokens can be held in a Tether wallet…

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