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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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The DailyAlts Playbook: Pershing’s Coffee Sale, Bernie Madoff’s Dying Request, and Tesla’s Pullback
February 6, 2020

The DailyAlts Playbook talks Pershing’s Coffee Sale, Bernie Madoff’s Dying Request, and Tesla’s Pullback.

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Artificial Intelligence: AI To Trawl Medical Data Troves To Identify ‘Cause And Effect’, Sharpen Diagnosis
February 6, 2020

There is a vast store of data from medical observational studies or randomized controlled trials accumulated over the decades. What if we could deploy an AI algo to scour this…

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Hedge Fund: Pershing Square Capital Sells Starbucks Stake
February 6, 2020

Pershing Square Capital has exited its stake in Starbucks Corporation (NASDAQ: SBUX). According to reports, Bill Ackman’s hedge fund announced the divestiture during an investor presentation today. 

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Private Equity: Carlyle Group Reports Fourth Quarter Earnings
February 5, 2020

Carlyle Group (NYSE: CG) is the last of the “Big Money” private equity and asset managers to report fourth-quarter earnings. It was a solid quarter for the Washington DC-based alternative…

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Venture Capital: The Futuristic Call That Strapped the TSLA Stock To A Booster Rocket
February 5, 2020

Whatever the description for the chart and TSLA’s price action, it’s worthwhile to look at the catalyst that sent the stock soaring over 40% higher in the last two trading…

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FinTech: Another Consolidation Among Legacy Payment Players; Worldline Buys Ingenico
February 5, 2020

With new-fangled fintech disruptors snapping at their heels, two legacy payment processor giants in Europe have joined forces in an $8.6 billion mega-deal. French payment company Worldline will acquire domestic…

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Artificial Intelligence: AI Fintech AiX Wants To Put Voice Brokers Out of Business
February 5, 2020

London-based fintech AiX has developed an artificial intelligence-based chatbot system that ‘talks’ to human traders at banks and institutions. It relies on natural language processing and cognitive reasoning to function…

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Liquid Alternatives: The KraneShares ESG China ETF Lists in London
February 5, 2020

Kraneshares, the asset management company that believes “the relationship between the US and China will be the most important economic partnership of our lifetimes,” and specializes in China-facing ETFs, launched…

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Digital Assets: Another Effort To Put Munis on the Blockchain – ConsenSys Rises to the Challenge
February 5, 2020

ConsenSys will attempt to put the stubbornly traditional municipal bonds market on the blockchain. A previous shy at the task by Neighborly, whose backers included Laurene Powell Jobs, proved stillborn….

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The DailyAlts Playbook: Tesla’s Rally, Interest Rate Cuts, Corona-covery, and “Leverage” in the Art Markets
February 5, 2020

This morning, we start with Tesla Inc. (NASDAQ: TSLA). The parabolic rise of Elon Musk’s electric vehicle company has seen its stock jump by 100% to start the year.  Short sellers…

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