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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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Private Credit: Coronavirus to Shift Market in Profound Ways

Private credit has been one of the fastest-growing areas of the credit market since the great credit crisis ended a decade ago. As banks stepped back from small and mid-market lending, especially in riskier areas like expansion and takeovers, funds sprang up to fill the void for a price. Institutions pensions placed enormous sums of money in private credit vehicles to capture higher yield as interest rates on other fixed-income investments declined steadily. The private credit markets have grown from just $237 billion in assets in 2008 to an estimated $812 billion today. That’s a growth rate of almost 12%. Some estimates say that 70% of small to midsize businesses are at least partially financed by private credit funds. Private Credit and Coronavirus Coronavirus will challenge and could reverse the rapid growth of private credit. It is going to be a lot harder to raise money in the private credit business until we know the full impact on the economy and financial markets. There is a real chance that pension funds, one of the biggest investors in private credit, will have to add to their equity portfolios. A significant market decline could trigger an asset allocation shift towards stocks. That…

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Community Banking: Gulf Capital Bank Announces Formation of De Novo Bank
February 24, 2020

Gulf Capital Bank just announced the formation of the first de novo bank in Houston, Texas in more than a decade. The formation of Gulf capital is also the largest…

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Fintech: Intuit Looks to Buy Credit Karma for About $7 Billion, Says WSJ
February 24, 2020

Intuit (NASDAQ: INTU) – the firm behind Turbo Tax and QuickBooks – is buying tech portal Credit Karma. The Wall Street Journal reported Sunday that the two companies could announce…

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DailyAlts Weekend Reading List – February 21, 2020
February 21, 2020

The DailyAlts weekend reading list features the best news and commentary from around the web.

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Real Estate: National Association of Realtors Issues Report on Cannabis
February 21, 2020

The National Association of Realtors recently released a report outlining the impact of cannabis on commercial and residential real estate. As legalization spreads across the United States, the industry is…

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Pierre Andurand and His Hedge Fund Struggle in January
February 21, 2020

Pierre Andurand and his hedge fund had a tough start to the year. Andurand Capital Management shed 8% last month due to the slump in oil-and-gas commodities, according to a report…

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Digital Assets: Singapore-based Digital Exchange BiKi.com Launches Its First IEO in 2020
February 21, 2020

Singapore-based digital exchange BiKi.com launches its first IEO in 2020. The Initial Exchange Offering (IEO) will launch the token XB of the XueBi trading platform.

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Artificial Intelligence: Analysts Weigh In On US CTO Michael Kratsios’ Remarks on EU Regulation of AI
February 21, 2020

Analysts weigh in on Michael Kratsios’ remarks on EU regulation of AI. Kratsios said the EU had clumsily docketed AI technologies as “high-risk” or “not high-risk.” “I think this approach…

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Liquid Alternatives: CI First Asset Opens the TSX on February 20
February 21, 2020

To mark the occasion of the listing of three liquid alternative ETFs, Rohit Mehta, Executive Vice-President, CI Financial, and President, CI First Asset ETFs, and Graham Mackenzie, Head, ETFs, and…

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FinTech: Ralph Hamers is ING’s Loss, UBS’ Gain
February 21, 2020

UBS, the world’s biggest wealth manager, has appointed Ralph Hamers to succeed Sergio Ermotti as its chief executive. Hamers is currently CEO of ING, having worked for 29 years at…

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DailyAlts Playbook: Zero Growth, The End of Discount Brokers, ESG Fever, and a Breakup at Senator – February 21, 2020
February 21, 2020

We start today with the coronavirus. U.S. markets followed Europe lower on news that China reported 800 new cases of the disease overnight. The new total brings us to more…

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