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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Bitcoin Plunges to Sub-$7000 Levels Before Recovering

Bitcoin plummeted today after back-to-back crackdowns on virtual currencies by the Chinese Government. Yesterday, regulators in Shenzen, and today, in Shanghai, threatened to crack down on alleged illegal activities. The PBoC was reportedly behind both campaigns and seeking to impose a ban on trading in cryptocurrencies.

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State Street on Blockchain: The Trickle of Digital Assets Will Soon Turn Into A Flood
October 4, 2019

State Street, the huge custody bank which holds assets of over $30 trillion, may soon see a flood of blockchain-based digital assets. According to Jay Biancamano, State Street’s head of…

FireEye Is Seeking a Private Equity Buyer, Hires Goldman Sachs as Advisor
October 3, 2019

FireEye (FEYE) is reportedly seeking a private equity buyer. The news comes after the firm failed to locate a strategic buyer. The company reportedly hired Goldman Sachs to guide them through…

Libra Association to Meet in Switzerland to Discuss Digital Assets: Make or Break?
October 3, 2019

No one thought setting up a globally acceptable cryptocurrency such as Facebook’s Libra would be easy. But the Libra Association’s upcoming meeting in Switzerland may show which of its members…

Hedge Fund Solel Partners Launches with $600 Million AUM
October 3, 2019

Solel Partners began trading this week with $600 million AUM. According to Bloomberg, former Highfields Capital Management partners Craig Peskin and Peter Fleiss are leading the fund.

Sports Gambling Meets Venture Capital
October 3, 2019

The Sports Gambling Investment Fund has announced the formation of its first fund. The group aims to discover, fund, and mentor startups entering the casino and gaming business.

Martin Gilbert is Departing Aberdeen Standard Investments
October 3, 2019

Martin Gilbert is not seeking re-election as chairman of Aberdeen Standard Investments. Instead, he will also depart his role vice-chairman of parent company Standard Life Aberdeen on Sept. 30, 2020….

Schroders Launches A Private Equity Fund On Its GAIA II Liquid Alternatives Platform
October 3, 2019

Investment manager Schroders has launched a private equity fund on its GAIA II liquid alternatives platform. The Schroder private equity fund, titled “Schroder GAIA II Specialist Private Equity fund,” will…

Cloud And Saas Banking Startup nCino Raises $80M
October 3, 2019

nCino, the startup known for its cloud-based, SaaS solution for banking operating systems, raised $80 million. nCino’s cloud-based, banking operating system runs off the Salesforce platform. Existing investor Salesforce Ventures…

Vanguard Launches Actively Managed International Fund
October 3, 2019

A new Vanguard fund has launched to add to the firm’s list of mutual funds and ETFs launched under CEO Tim Buckley. The company has unveiled the Vanguard International Core Stock…

The DailyAlts Playbook – October 3, 2019
October 3, 2019

Today, the DailyAlts Playbook talks Trump tariffs on the things we love, Libra’s woes, the ESG Gold Rush, and a special lunch with Bill Ackman. The Dow was flat on…