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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Venture Capital: WeWork Golden Parachutes Are Very, Very Golden for Executives
December 30, 2019

The WeWork golden parachutes emerged from company documents over the weekend. Earlier this fall, the real estate firm received a bailout from SoftBank. The Financial Times recently gained access to…

Hedge Funds: Josh Samuelson to Retire from PointState Capital
December 30, 2019

Josh Samuelson is departing PointState Capital, the firm he co-founded. According to a letter from co-founder Zach Schrieber, Samuelson “has decided to retire from investment management.” The manager plans to…

Baidu Tops Google and Microsoft in Artificial Intelligence Competition
December 30, 2019

Baidu Artificial Intelligence has overtaken two of the world’s leaders in the industry. The Chinese tech giant topped Microsoft and Google in a recent artificial intelligence competition.

Private Equity: KKR Buys Overdrive in Latest Digital Media Push
December 30, 2019

Private equity investor KKR will purchase OverDrive Inc in a deal that will alter the future of digital reading. The Rakuten subsidiary is a widely used digital reading platform in…

Hedge Funds Record Best Year Since 2013, But Departures Loom
December 30, 2019

Hedge fund returns in 2019 averaged 8.5% but fell well short of the broader market rally. Heading into Monday, the S&P 500 has gained 29.1%. HFR says that the firm…

Digital Assets: Swiss President Says That Facebook’s Libra Has Failed
December 30, 2019

Switzerland president Ueli Maurer took a swipe at the Facebook Libra project as he prepares to walk out the door. The nation’s finance minister and the outgoing president called for…

Kennedy Wilson Raises $775 Millon for New Real Estate Fund
December 27, 2019

Kennedy Wilson has locked up $775 million for a new fund. The Beverly Hills-based firm closed fundraising of the Kennedy Wilson Real Estate Fund. The real estate investment firm’s new…

Venture Capital Firms Look for ClassPass to Hit $1 Billion Valuation
December 27, 2019

ClassPass could hit a $1 billion valuation, according to Reuters. A new report reveals that the fitness subscription app aims to raise another $285 million.

First Eagle Investment Management to Purchase THL Credit
December 27, 2019

First Eagle Investment Management with acquire THL Credit, an alternative credit manager with approximately $17 billion in assets under management. The deal will likely close in the first quarter, according…

Digital Assets: The YouTube-Vs.-Crypto Standoff Ends Happily Ever After
December 27, 2019

YouTube pushed crypto-channel owners into hiding. Now its admitted to an error. It will reinstate videos and resolve strikes.