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

Hedge Funds: Four Portfolio Managers Leave Citadel

Volatility has shaken the markets. The Dow had its worst quarter in history. The U.S. economy could see GDP fall by 30% this quarter. And four portfolio managers at Citadel won’t be around to see what happens next.  Bloomberg reported that the hedge fund fired four portfolio managers last week. Chris Conner, Tio Charbaghi, Steve Bergman, and Chip Fortson are out, according to the report. The four all worked in Citadel’s Global Equities group. The timing coincided with the hiring of Justin Lubell, a Point72 alum, to take over that group.

Read more

Get Daily Updates

Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.

  • This field is for validation purposes and should be left unchanged.

https://dailyalts.com/wp-content/uploads/2020/02/52e7d6474253ad14ea898579ce203e7c1d22dfe05b53764d7d2b7fd7_640.png
Alternative Assets: Elizabeth Warren Has “A Plan” for Larry Fink on ESG
February 26, 2020

The Democratic candidate is pushing for the BlackRock chief to do more in his firm’s pledge to address climate change. In a letter released today, Warren asked Fink to support…

https://dailyalts.com/wp-content/uploads/2020/02/Bernie_Sanders_48608244506-wikimedia-scaled.jpg
Alternative Investments: Bernie’s FTT – A Gut Punch to Americans’ Retirement Savings
February 26, 2020

More than half of Americans are invested in the stock market, either directly or through a retirement fund such as a 401k or IRA. Over 40% of Americans are invested…

https://dailyalts.com/wp-content/uploads/2020/02/background-3228704_640-FDT-RSCN.jpg
Digital Assets: First Digital Trust Flags Off Asia’s First Rapid Settlement and Clearing Network (RSCN)
February 26, 2020

Instant settlement 24/7. Irrevocable. No counterparty risk. No middlemen. That’s the promise from First Digital Trust’s Rapid Settlement and Clearing Network (RSCN) currently in testing but due to launch in…

https://dailyalts.com/wp-content/uploads/2020/02/processor-2217771_640-SambaNova.jpg
Venture Capital: SambaNova Systems Raises $250M for Its AI Systems Platform
February 26, 2020

SambaNova Systems, whose founders are the crème-de-la-crème of Silicon Valley, raised $250 million in a Series C funding. The startup is at the cutting edge of AI and large-scale computing….

https://dailyalts.com/wp-content/uploads/2020/02/screenshot-vlocity.com-2020.02.26-14_25_29.png
Venture Capital: Salesforce Snaps Up CRM Startup Vlocity For $1.33B
February 26, 2020

Salesforce snaps up CRM startup Vlocity for $1.33B. Vlocity builds CRM systems that are industry-specific, cloud and mobile-based. Vlocity’s industry solutions are communications, media and entertainment, insurance and financial services,…

https://dailyalts.com/wp-content/uploads/2020/02/46549765352_be5899af90_c-Flickr-Revolut.jpg
FinTech: Revolut’s Valuation Surges to $5.5B in Latest $500M ‘D’ Round
February 26, 2020

Mobile-based neobank and a digital provider of financial services, Revolut just raised $500 million in its ‘D’ round led by TCV. Though it is yet to report a profit, Revolut…

https://dailyalts.com/wp-content/uploads/2019/09/55e1d7464955a514ea898579ce203e7c1d22dfe05556764e7d2a73d0_640.jpg
The DailyAlts Playbook: The South Carolina Debate Clown Car, Coronavirus Fears, Trump’s Market Woes, and Mike Bloomberg’s Naked Cowboy
February 26, 2020

We start on Wall Street, where the stock futures aren’t pointing toward any significant recovery. We just experienced the worst two-day performance in four years as investors sound the alarm…

https://dailyalts.com/wp-content/uploads/2020/02/57e2d64b4354a814ea898579ce203e7c1d22dfe05b53774f712e73d5_640.jpg
Private Equity: PE Shops are Going on a Startup Spending Spree, Says Pitchbook
February 26, 2020

A new Pitchbook report shows that private equity shops are snapping up an interesting alternative investment. Flush with dry powder, PE shops have been snapping up VC-backed startups, according to…

https://dailyalts.com/wp-content/uploads/2020/02/51e6dd454b52b114a6d98074cf213576083edbed5157774a702f7b_640.jpg
Activist Hedge Fund Looks to Shake Up Insurance Giant Prudential
February 25, 2020

Activist hedge fund Third Point has taken aim at the 172-year-old insurance giant Prudential (LON: PRU). According to a new filing, Dan Loeb’s shop wants to split the firm into…

https://dailyalts.com/wp-content/uploads/2019/12/dices-over-newspaper-2656028_1920-preqin.jpg
Alternative Assets: Funds Surpass $10 Trillion In AUM in 2019
February 25, 2020

A new Preqin report shows that the alternative assets industry has reached “14 figures.” Total AUM surpassed $10 trillion for the first time in 2019. The industry added at least…

Scroll to Top