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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Goldman Sachs Prepares to Go Big on Alternatives
December 17, 2019

A Goldman Sachs alternative capital team will launch soon, according to a memo seen by Reuters. The firm said that it will form an alternatives capital markets and strategy group under…

Digital Assets: A Bitcoin Video Lands Up On TikTok, Goes Viral
December 17, 2019

The Wolf of Bitcoin posted the bitcoin video on TikTok. The TikTok video zooms in through a door with says, “this is why GPU prices went up,” and then pans…

Blackstone Infrastructure Partners Snaps Up Tallgrass Energy
December 17, 2019

Blackstone Infrastructure Partners has announced it will purchase the remaining shares of Tallgrass Energy that it doesn’t own. The latest offer of $22.45 per Class A share was a 22.7%…

Darden Paper Shows Weak Hedge Fund Performance Post Financial Crisis
December 17, 2019

Hedge fund performance hasn’t lived up to the hype over the last ten years. This, according to the Executive Director of the Richard A. Mayo Center for Asset Management, University…

Digital Assets: Fidelity Digital Assets Could Add Support for Ether in 2020
December 17, 2019

Fidelity’s crypto arm has already done a lot of work on Ethereum. Speaking in an interview with TheBlock, Tom Jessop, who is president of Fidelity Digital Assets, said the firm…

Japanese Regional Banks: The Trade to Start 2020
December 17, 2019

Japanese regional banks are starting to look for new capital as it becomes increasingly challenging to grow in a low-interest-rate environment. In a move similar to what we saw happen…

Artificial Intelligence: Accenture Study Says Banks Could Save $70 Billion Using AI
December 16, 2019

The financial industry, including banks, could save hundreds of billions of dollars using automation and AI. Accenture’s report issued last week says North American banks could save more than $70…

ESG & Sustainability: US Companies Bled $500 Billion From ESG Scandals
December 16, 2019

The Bank of America analyzed 24 scandals relating to accounting, data breaches, sexual harassment, and other ESG issues concerning companies in the S&P 500 index. It found that over the…

Hedge Funds: Why Some Singapore Hedge Funds are Hitting It Out Of The Park
December 16, 2019

Some of 2019’s best performing hedge funds are based out of Singapore. Chong Chin Eai’s Vanda Global Fund is up over 300% this year. He started his hedge fund in…

Artificial Intelligence: AI May Put the Finishing Touches to Beethoven’s Tenth
December 16, 2019

A year of celebrating Beethoven’s 250th birthday starts today. The celebrations begin today in Bonn with the inauguration of Beethoven’s home as a museum after extensive renovations. This 250th year…