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/money-29047_640-qcash.png
FinTech: QCash Signs Up Tropical Financial Credit Union For Small Loans
February 25, 2020

QCash Financial, the US fintech and digital loan marketplace gained a major new client in Tropical Financial Credit Union (TFCU). TFCU has $700 million in assets and 65,000 members. QCash…

https://dailyalts.com/wp-content/uploads/2020/02/bitcoin-4852534_640-wilshire-btc-etf.jpg
Alternative Investments: February 26 is the D-Day for the Wilshire Phoenix Bitcoin ETF
February 25, 2020

Will the SEC greenlight the Wilshire Phoenix Bitcoin ETF? Crypto market participants seem to be unanimous in their opinion that the SEC will reject the Wilshire Phoenix bitcoin ETF. The…

https://dailyalts.com/wp-content/uploads/2020/02/virtual-identity-69996_640-maxonrow.jpg
Digital Assets: How CBDCs Could Use Maxonrow, the Blockchain KYC
February 25, 2020

Slowly, but surely, momentum is building up in central banks around the world to explore and test the concept of a central bank digital currency (CBDC). Developments in the US,…

https://dailyalts.com/wp-content/uploads/2019/08/Warren-Buffett.jpg
The DailyAlts Playbook: Buffett’s Crypto Snub, Why the Selling Stopped, Who’s Shorting Airlines, and the Odds of Another Rate Cut.
February 25, 2020

We start today in Asia, where the road to recovery from Monday’s massive selloff begins. Although the Nikkei lost 3.3% in overnight trading, Chinese markets were largely flat. The Dow…

https://dailyalts.com/wp-content/uploads/2020/02/entrepreneur-593360_640-m33-fund.jpg
Venture Capital: M33 Raises $260M to Fund “Scrappy, Bootstrapping” Founders
February 25, 2020

M33 raises $260m to fund scrappy, bootstrapping founders. In its second fund, M33 will continue to back hi-tech startups who grew their way to profitability without institutional support.

https://dailyalts.com/wp-content/uploads/2020/02/50e6d3414d4fb158f6dc8d75ce2a3f63143ad6e75656734b752d_640.jpg
Real Estate: Arbor Realty Trust Discusses State of Single Family Rentals
February 25, 2020

Arbor Realty Trust (NYSE: ABR) has released a report that examines the state of the single-family rental (SFR) industry. Arbor believes that 2019 will be looked back on as the…

https://dailyalts.com/wp-content/uploads/2019/08/Hedge-Fund.jpg
Santander Asset Management Launches New Hedge Fund: Santander Patrimonio Diversificado.
February 24, 2020

Santander Asset Management announced it has launched a new hedge fund called Santander Patrimonio Diversificado. Its portfolio will invest in fixed income, equities, and absolute return funds. It will also…

https://dailyalts.com/wp-content/uploads/2020/02/JPMorgan_Chase_Tower-scaled.jpg
FinTech: JPMorgan Plans Foray Into UK Digital Banking
February 24, 2020

JPMorgan Chase & Co (NYSE: JPM), the largest bank in the US and the sixth-largest bank in the world by total assets, is planning to throw its hat in the…

https://dailyalts.com/wp-content/uploads/2020/02/cannabis-3842166_1920.jpg
Digital Assets: Easy Come, Easy Go; Drug Dealer Loses Keys to $56M Crypto Fortune
February 24, 2020

Clifton Collins, a former security guard, and beekeeper in Ireland struck the mother lode when he stumbled upon cannabis as a lucrative, though illegal trade. For almost 12 years Collins…

https://dailyalts.com/wp-content/uploads/2019/09/52e0d1454353af14ea898579ce203e7c1d22dfe055567749772d7ad5_640.jpg
DailyAlts Playbook – Why You Shouldn’t Hide Important Financial Documents in Your Fishing Gear.
February 24, 2020

Today, the DailyAlts Playbook talks Commodity Swings, Public V. Private Gains, Cannabis Expectations, and Why You Shouldn’t Hide Important Financial Documents in Your Fishing Gear.

Scroll to Top