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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Hedge Fund: Elliott Management Ditches Stake in Hyundai Motors
January 23, 2020

Hyundai Motor Group has shaken off activist hedge fund Elliott Management. According to South Korean media, Elliott Management ditched its stake in the auto giant at the end of 2019….

Private Equity: CITIC Capital Targets Huge Stake in McDonald’s Business in China
January 23, 2020

CITIC Capital, the Chinese private equity firm, is bidding for a 22% stake in the Chinese and Hong Kong businesses of McDonald’s Corp. The firm is looking to put some…

Venture Capital: Three VC Exits To Look Out For In 2020
January 23, 2020

Will 2020 shake off the IPO blues induced by 2019’s triumvirate of Uber-Lyft-WeWork? Despite the occasional snafu, the IPO market is doing quite well, judging from the Renaissance IPO ETF,…

ESG: MSCI Chief Fernandez Warns ESG is a “Permanent Change in the Way Capitalism Works”
January 23, 2020

“We’re sounding the alarm bells, “ said MSCI chairman and CEO Henry Fernandez on CNBC’s Squawk on the Street. If you are an investment institution and you’re not embracing this…

Private Equity: Chicago-based Private Equity Fund Wynnchurh Closes Fifth Tranche at $2.3 Billion
January 23, 2020

Chicago-based Private Equity Fund Wynnchurh Closes Fifth Tranche at $2.3 Billion. The fund was launched in September with a target of $1.6 billion, and received a solid oversubscription. It specializes…

The DailyAlts Playbook – The coronavirus outbreak, big losses for Tesla shorts, and why Bernie Sanders’ wealth tax will miss its target.
January 23, 2020

This morning, the Dow Jones is in reverse as President Donald Trump returns from Davos, Switzerland to Washington D.C. Once he arrives home, he will face the ongoing media circus…

Venture Capital: Fintech Accelerator Catalyst Fund Receives $15 Million From JPMorgan and UK Aid
January 22, 2020

Catalyst’s main agenda is to drive financial inclusion in emerging markets. Boston-based fintech accelerator, Catalyst Fund, which specializes in emerging and frontier markets, is now armed with an additional $15…

Artificial Intelligence: Google CEO Sundar Pichai Calls for “Sensible Regulation”
January 22, 2020

Google CEO calls for regulation of artificial intelligence

FinTech: Fintechs That Could be in Play After the Visa-Plaid Deal
January 22, 2020

There are too many fintechs out there, but many can’t survive on their own. A Barron’s analysis of likely deal-making in the fintech sector after the landmark Visa-Plaid deal shows…

Hedge Funds: The Top Ranking Hedge Funds since Inception-How They Fared in 2019
January 22, 2020

TCI and Lone Pine led the list of top-performing hedge funds for last year. Chris Hohn’s TCI and Stephen Mandel’s Lone Pine Capital logged gains of $8.4 billion and $7.3…