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
Canadian Listed ETF Assets Race Past the $200B Mark
Canadian ETFs have put on a powerhouse performance this year, crossing the $200 billion mark by end November.
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With Tencent Backing It, a Virtual Blockchain Bank May Launch Sooner Than You Think
The Hong Kong Monetary Authority has approved the issue of a banking license for a virtual bank to Tencent. Hong Kong has been quick off the mark to give digital…
The Top Market for European Real Estate Investment Is…
The top European real estate market for investors is Paris, France. That rank comes from a new report on emerging trends in the European markets from PwC and ULI. Paris…
Billionaires’ Wealth Falls for First Time in Three Years
The richest people in the world saw their wealth decline in 2018 for the first time in three years. According to the UBS/PwC Billionaires’ Report, the selective class of billionaires…
Nasdaq Deploys Artificial Intelligence for Market Surveillance
Nasdaq, for the first time, has brought in A.I. and machine learning to detect any malicious trading. “By incorporating AI into our monitoring systems, we are sharpening our detection capabilities…
CEO Firing: McDonald’s Investigation Commenced Weeks Before
McDonald’s became aware of CEO Steve Easterbrook’s relationship with a female employee two weeks before his firing on November 1. According to the Wall Street Journal, the company’s general counsel…
Does the Apple Card Like Women Less, or is it ‘black-box’ A.I.? DFS Investigating…
New York’s DFS, a financial regulator, will investigate whether the Apple Card differentiated between men and women over credit limits. Apple co-founder Steve Wozniak has accused the Apple Card of…
Carl Icahn: Gee… Occidental Petroleum is a lot like WeWork
Occidental Petroleum took a shot from activist investor Carl Icahn in more ways from one. Icahn slashed his stake in the company and threatened to launch a proxy fight.
The Canada Pension Plan Investment Board Pulls the Plug on U.S. Prison Firms
The Canada Pension Plan Investment Board (CPPIB) is selling stakes in two American prison companies. ESG expectations and concerns about reputational risk fueled the divestitures.
Review of The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution by Gregory Zuckerman.
Renaissance Technologies and its founders have received a worthy biography. The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution is the latest book by Gregory Zuckerman.
Schwarzman Adds To Skepticism Around The Walgreens Boots LBO
Stephen Schwarzman, who runs Blackstone Group, thinks the Walgreens Boots privatization might be just too big. “It’s a huge stretch doing things over $50 billion,” Schwarzman remarked at a New…