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.Top Story
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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Digital Assets: Millennials Trust Bitcoin Over Berkshire Hathaway
Millennial investors trust Bitcoin more than Berkshire Hathaway, according to a new report from Charles Schwab. The investment bank examined self-directed portfolios of millennial investors. It found that the majority…
Former Hedge Fund Manager, Coal Investor Seeks Democratic Nomination
Tom Steyer used to run a hedge fund. Now, he wants to be the President of the United States. His campaign strategy, however, is quite unprecedented. Both Steyer and Michael…
EY: Private Equity Firms Really Loved Germany in 2019
Private equity investment in Germany topped out at about 32 billion euros, according to EY. That figure represents a year-over-year increase of about 80%, the firm said this week. Private…
Digital Assets: James Altucher’s 2020 Bitcoin Prediction Will Miss by More Than $992,000
James Altucher is best known for his hedge fund, his Choose Yourself messaging, his iconic hair, and an ultra-bullish stance on Bitcoin. The former hedge fund manager’s crypto-newsletter advertisements also…
Digital Assets: Crypto Hedge Funds Shuttered in 2019 At a Stunning Pace
Crypto hedge funds shuttered at a rather alarming click in 2019. According to Crypto Fund Research, 70 such funds had closed by early December. That means there was still time…
Alternative Investments: Decline in IPOs Worldwide as Investors Prefer Private Markets
There is a striking decline in the number and value of Initial Public Offerings (IPOs) to raise capital across the globe. Macro-economic and political factors such as trade wars, Brexit,…
Liquid Alternatives: Franklin Templeton Launches FLSP, its First Alternative ETF
Franklin Templeton added a new active fund to its ETF range. The Franklin Liberty Systematic Style Premia ETF (FLSP) is an alternative ETF that is actively risk-managed, seeking a target…
Hedge Funds: Investors Looking to Bail? The SS&C GlobeOp Forward Redemption Indicator is at a 12-Month High
The SS&C GlobeOp Forward Redemption Indicator for December is up marginally from last month. Simply put, the SS&C GlobeOp Forward Redemption Indicator shows how much investors are looking to bail…
Digital Assets: Singapore’s MXC Exchange to Launch Leveraged Crypto ETFs
Singapore’s MXC Exchange to Launch Leveraged Crypto ETFs. It announced December 28 the launch of its range of leveraged ETFs based on cryptocurrencies BTC, ETH and EOS. These ETFs are…
Venture Capital: Octopus Sells Stake in Zynstra for £100 Million
Octopus Ventures, a VC firm based in London, has sold its stake in virtualization tech firm Zynstra. Reports state that the deal was worth £100 million and the buyer is…