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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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FinTech: Chime Readies to Instantly Pay $1,200 Stimulus Cheques

The digital challenger bank, the largest of its kind in the U.S., stands ready to pay out the stimulus cheques of $1,200 each. In a test run, it randomly chose 1,000 of its clients who met certain criteria with immediate access to $1,200 of spending power through SpotMe while they waited for their government stimulus payment. SpotMe is the firm’s free alternative to bank overdrafts.

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People on the Move – Rivendell Partners, Revolut,iCapital Network, and Gide Loyrette Nouel
September 2, 2019

Rivendell Partners, Revolut, Alpha FMC, iCapital Network, and Gide Loyrette Nouel People on the Move – September 3, 2019 Revolut has faced pressure in recent months due to its customer…

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Alternative Investment Fund Launches and Updates – September 3, 2019
September 2, 2019

Investment fund launches for September 3, 2019. First up, venture capital firm Golden Gate Ventures has filed to launch a $200 million fund in partnership with South Korea’s Hanwha Asset…

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AI-Dependent Hedge Funds Underperform the Industry
September 2, 2019

Though AI hedge funds have underperformed this year, on the longer timeframe of five years they lead by a wide margin Hedge funds that are dependent on AI technology have…

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M&A Deal News – August 30, 2019
August 31, 2019

Hilton Grand Seeks a Buyer, Apollo Scores a Deal with GE, and Another Bank Merger M&A Deal News – August 30, 2019: M&A deal news from around the globe. Each…

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Preqin Report: Five Straight Quarters of Hedge Fund Outflows
August 30, 2019

New report shows net outflows yet again in Q2 A Preqin report tracking hedge fund outflows showed more bad news for firms. For the fifth-straight quarter, net outflows hit managers….

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Jana Partners May Push for Bloomin’ Brands to Sell
August 30, 2019

Activist fund discloses new stake in Outback Steakhouse Owners Jana Partners disclosed a 9% stake in Bloomin Brands (NASDAQ: BLMN) on Friday. Barry Rosenstein’s shop is one of the most…

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Leading global macro fund to launch $1 billion crypto fund for institutions
August 30, 2019

Elwood Asset Management, backed by billionaire Alan Howard, will launch an institutional crypto hedge fund that could raise as much as $1 billion Elwood manages the personal crypto assets of…

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Ray Dalio: An Economic Downturn Could Lead to Depression-Like Conditions
August 30, 2019

Ray Dalio, the founder of Bridgewater Associates, the largest hedge fund in the world, has painted a grim picture of current economic conditions Writing on LinkedIn, Dalio said a trifecta…

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Baton Systems Raises $12 Million in Series A Round
August 30, 2019

Trinity Ventures leads round with participation from Alsop Louie and Commerce Ventures Baton Systems has raised more than $12 million. The provider of high-speed, blockchain-inspired, bank-to-bank payments infrastructure, aims to…

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Google parent Alphabet forays into ‘tech-enabled infrastructure’ with Ontario Teachers
August 30, 2019

Alphabet, its subsidiary Sidewalk Labs LLC, and Ontario Teachers’ Pension Plan join in setting up an infrastructure holding company The new firm, Sidewalk Infrastructure Partners (SIP), will invest in projects…

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