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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Hedge Fund Greenlight Finishes 2019 Up 13.8%
January 2, 2020

Hedge fund Greenlight Capital finished 2019 up 13.8% after a small dip in December. The iconic value-oriented fund saw a 0.3% decline last month to finish off the year, according…

Bernhard Capital Partners to Invest in Ascension Wastewater Treatment
January 2, 2020

Bernhard Capital Partners will invest in Ascension Wastewater Treatment, the largest private sewer utility operator in Louisiana. The private equity firm specializes in services and infrastructure.

Alternative Investments: Breaking Down the BlackRock 2020 Forecast
January 1, 2020

Alternative investment manager Blackrock (BLK) has issued the Blackrock 2020 forecast. The firm believes that growth will pick up next year with little risk of inflation. They also warn that…

Hedge Funds: Korea’s Lime Asset Management in Fresh Trouble With Regulators
January 1, 2020

Korea’s largest hedge fund is under probe for involvement in an alleged US Ponzi scheme Lime Asset Management, the large Korean hedge fund, is accused of continuing to market a…

FinTech: Grab and Singtel in 60:40 JV to Launch a Digital Bank in Singapore
December 31, 2019

A ride-hailing service and leading telecom group will team up to launch a digital bank. Grab and Singtel have jointly bid for a digital full bank license to be issued…

FinTech: TransferWise Now Transfers $5.25 Billion Per Month
December 31, 2019

TransferWise Now Transfers $5.25 Billion Per Month. The upstart fintech claims it does so saving people and businesses $4.5 million per day. What’s more, the TransferWise customer community is now…

Digital Assets: Gear Up for New Threats From “Financially Motivated” Bad Actors, Says Kaspersky
December 31, 2019

According to leading cybersecurity firm Kaspersky Lab, hackers and cybersecurity criminals will up their game in 2020. Drawing on their experience through 2019, Kaspersky researchers have identified the key areas…

Alternative Investments: Hindsight in 2020 – Killer Trades That Might Have Been
December 31, 2019

The trades we would have taken in the decade gone by – if only we’d known Secure in our present-day knowledge and risk-free comfort, let’s indulge in some armchair trading…

Private Equity, Venture Capital Investor Alan Patricof Bundles for Joe Biden
December 31, 2019

Alan Patricof, the founder of Apax Partners, sits among a very powerful list of bundlers for potential Democratic nominee Joe Biden. Over the weekend, Biden released the list of bundlers,…

Alternative Investments: IRS Releases Regulations for Opportunity Zones
December 31, 2019

IRS Releases Regulations for Opportunity Zones. The U.S. Department of Treasury released the final Opportunity Zone Treasury Regulations last week. According to Russell J. Stein at Partridge Snow & Hahn…