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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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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.

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Real Estate: Takeaways from the NAREIT Study on the U.S. Economy
February 12, 2020

The National Association of Real Estate Investment Trusts (NAREIT) commissioned advisory and consulting firm EY to examine the economic impact that REITs have on the US economy.

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Real Estate: Ellington Residential Mortgage Reports Quarterly Earnings
February 11, 2020

Ellington Residential Mortgage REIT (NYSE: EARN) reported financial results for the quarter ended December 31, 2019. Ellington had an impressive quarter. Net income registered at $9.7 million, or $0.78 per…

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Digital Assets: Bitcoin to Beat the Dow to $40K, Says Analyst Tom Lee
February 11, 2020

Bitcoin to Beat the Dow to $40K, Says Analyst Tom Lee. The Fundstrat Global Advisors co-founder said in a CNBC interview on February 10 that he expected Bitcoin to record…

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Private Equity: Harvard Law School Publishes Memo on PE Year in Review, Outlook for 2020
February 11, 2020

The Harvard Law School Forum on Corporate Governance published a memorandum from Andrew Nussbaum, Karessa Cain, and Steve Cohen of the Wachtell Lipton law firm. Wachtell Lipton is a New…

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Venture Capital: VC Funding in Australia in 2019 Bucks Weak Asian Trend
February 11, 2020

VC Funding in Australia in 2019 Bucks Weak Asian Trend. VC funding in Australia in 2019 rose to a record US$1.145 billion from US$1.033 billion in 2018. Australia was a…

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Liquid Alternatives: Simon-Taubman Deal for Malls Sparks Rally in REITs ETF
February 11, 2020

Simon Property Group will buy Taubman Centers in a $3.6 billion deal. The Invesco KBW Premium Yield Equity REIT ETF (NYSEArca: KBWY) shot up 3.6% on Monday on news of…

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Artificial Intelligence: New Magnetic Memory Device Could Punch Through The Physical Barriers To Faster AI
February 11, 2020

Researchers at Northwestern University and the University of Messina in Italy have developed a new magnetic memory device. Built of antiferromagnetic (AFM) materials, it solves the limitations of existing hardware…

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FinTech: ASX-Listed, Buy Now Pay Later Startup Sezzle Notches Up 1M Customers
February 11, 2020

The Sezzle payments platform, which enables credit-starved shoppers to “buy now, pay later,” now boasts of one million customers across the United States and Canada. Launched in 2016, it took…

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The DailyAlts Playbook: Oil Shorts, Coronavirus Hits Earnings, Crowded Trades, and Toy Story 4 after a Fifth Viewing.
February 11, 2020

Fund managers had been dumping oil over the last few weeks, but resistance wouldn’t break down below $49 per barrel. Short sellers appear to have taken some profits off the…

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Real Estate: Taubman Centers Sells to Simon Property Group
February 10, 2020

Taubman Centers (NYSE: TCO) reported financial results for the quarter and full-year periods ended December 31, 2019. It also provided a big surprise for shareholders. The outlet operator has sold…

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