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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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Private Credit: Coronavirus to Shift Market in Profound Ways

Private credit has been one of the fastest-growing areas of the credit market since the great credit crisis ended a decade ago. As banks stepped back from small and mid-market lending, especially in riskier areas like expansion and takeovers, funds sprang up to fill the void for a price. Institutions pensions placed enormous sums of money in private credit vehicles to capture higher yield as interest rates on other fixed-income investments declined steadily. The private credit markets have grown from just $237 billion in assets in 2008 to an estimated $812 billion today. That’s a growth rate of almost 12%. Some estimates say that 70% of small to midsize businesses are at least partially financed by private credit funds. Private Credit and Coronavirus Coronavirus will challenge and could reverse the rapid growth of private credit. It is going to be a lot harder to raise money in the private credit business until we know the full impact on the economy and financial markets. There is a real chance that pension funds, one of the biggest investors in private credit, will have to add to their equity portfolios. A significant market decline could trigger an asset allocation shift towards stocks. That…

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Artificial Intelligence: Now A Bot Mimics Rapper Travis Scott; Creates Song and Melodies
February 13, 2020

Creative digital agency space150 tried out an interesting experiment to find out if AI could be taught to recreate music and a whole new song. They picked rapper Travis Scott…

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FinTech: N26’s Shock Announcement of its Departure From the U.K.
February 13, 2020

Challenger bank N26 asks UK customers to shut accounts by April 15. N26 has announced its departure from the UK on account of Brexit in a blog post. “With the…

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Alternative Investments: SoftBank’s Vision Fund 2 Loses Investors
February 13, 2020

SoftBank investors are refusing to take part in the Vision Fund 2 unless the Japanese conglomerate turns performance around. The first $100 billion fund has struggled with performance due to…

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Digital Assets: German Banks Line Up for Licenses to Offer Crypto-Custody Services
February 13, 2020

About 40 banks have applied to Germany’s Federal Financial Supervisory Authority, or BaFin, for licenses to operate custody services for digital assets. (Coingeek) Bafin last month released new guidelines that…

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FinTech: Australian Legislators Pass Law to Enhance ASIC’s Fintech Regulatory Sandbox
February 12, 2020

Australian Legislators Pass Law to Enhance ASIC’s Fintech Regulatory Sandbox. The amendments passed on Monday extend the scope and timeframe fintechs can spend on the existing ‘sandbox.’ The ‘Treasury Laws…

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Artificial Intelligence: White House To Significantly Hike Spending on AI and Quantum Sciences
February 12, 2020

The White House is committed to double R&D spending in nondefense artificial intelligence (AI) and quantum information science (QIS) by 2022. The Office of Science and Technology Policy (OSTP) on…

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Digital Assets: Former NYSE Institutional Broker Charged and Arrested for Alleged Crypto Fraud
February 12, 2020

Former NYSE Institutional Broker Michael Ackerman Charged and Arrested for Alleged Crypto Fraud. He and two of his vehicles, Q3 Holdings, LLC and Q3 I, LP, are charged with alleged…

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Venture Capital: Online Shopping Store Hollar May Down Shutters
February 12, 2020

Online Shopping Store Hollar May Down Shutters.VC investors may take a haircut on their investments in the online dollar store.

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The DailyAlts Playbook: Rise of Bernie, the Plight of Tesla Bears, and the Surge of Ponzi Schemes.
February 12, 2020

Pitchers and catchers report to camp Wednesday, which offers some reminder that warmer weather will eventually find itself returning to the Northeast. That said, the Baltimore Orioles’ roster looks like…

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Liquid Alternatives: New Fixed Income ETFs From BMO Now Trading in Toronto
February 12, 2020

New Fixed Income ETFs From BMO are Now Trading in Toronto. The three new ETFs include a first-of-its-kind one that is based on mortgage-backed securities. Two of these new fixed-income…

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