News

Each day, DailyAlts tracks major developments across the alternative investment world. Our content is procured from primary contacts in the industry and secondary sources across the web. Our goal is to give readers the most up-to-date news and engaging experience to open new doors and areas of knowledge. Our stories cover nine separate verticals of the alternative investment industry.

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Artificial Intelligence: Coronavirus! This AI Startup Warned of the Outbreak on December 31

Toronto-based BlueDot, which uses big data and AI, red-flagged the coronavirus outbreak in December. BlueDot’s AI-driven health monitoring platform analyzes billions of data points. Its process works something like this: It pores over global news reports, airline data, and animal disease outbreaks using natural language processing and machine learning techniques. The outputs from the platform are scanned by epidemiologists who sound the alert if they spot an outbreak.

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Private Equity: Manulife Investment Management Closes $1.5 Billion PE Fund
January 9, 2020

Manulife Investment Management has closed $1.5 billion in commitments for a new fund, Manulife Private Equity Partners (MPEP). MPEP is the company’s first fund-of-funds product. It is part of the…

Private Equity: Insight Partners To Buy Cloud Giant Veeam in $5 Billion Deal
January 9, 2020

Insight Partners announced plans to purchase Swiss data management firm Veeam Software. The private equity shop plans to purchase the company for $5 billion. Insight will make the purchase about…

Private Equity: Shoreline’s Inaugural Private Equity Fund Raises $300 Million
January 9, 2020

Private equity firm Shoreline Equity Partners, LLC began raising funds for its maiden buyout fund in March. It announced Tuesday the final closure of the fund at its hard cap…

Artificial Intelligence: Facebook Bans Deepfake Videos… Advocates Worry
January 9, 2020

Social media firm Facebook announced that it has banned “deepfake” videos from their platform. These altered videos – typically incorporating AI – appear that people are doing or saying something…

Hedge Funds: AQR Capital is Cutting Staff… “It’s Carnage”
January 9, 2020

AQR Capital has $186 billion under management. Its $2.1 billion Style Premia Alternative Fund lost 8.2% in 2019. And now, the company is cutting its staff for the second straight…

Artificial Intelligence: The White House Guides on the Regulatory Approach to AI
January 9, 2020

The White House on Tuesday enunciated ten principles to guide federal agencies in the development of laws and regulations addressing artificial intelligence (AI), reported The Hill. The Memorandum issued by…

The DailyAlts Playbook – More Fund Returns, Insider Trading Codes, AI Stock Picking and Black Swans – January 9, 2020
January 9, 2020

Today, the DailyAlts Playbook talks the largest debt swell since the 70s, Black Swan babble, more hedge fund returns, insider trading codes, and AI’s shift into stock-picking.

Alternative Investments: Citigroup Will Try to Mainstream “Hedge Fund Like” Investments
January 9, 2020

Citigroup wants to bring hedge-fund-like credit investments to accredited investors. The firm is teaming up with online platform YieldStreet to bring $2 billion in assets to mass affluent investors, according…

Private Equity: Platinum Equity Partners Raises $10 Billion for Fifth Flagship Fund
January 9, 2020

Platinum Equity Partners has joined an exclusive group of alternative investment firms. The private equity shop has raised $10 billion for its latest fund. The firm had raised $7 billion…

NAREIT 2020 Outlook: The Future Looks Favorable for Real Estate
January 8, 2020

The NAREIT 2020 Outlook emerged this week. Calvin Schnure, Senior Vice President, Research & Economic Analysis at the National Association of Real Estate Investment Trusts (NAREIT) released his annual outlook. Let’s…