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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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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Private Equity: Humana Enters JV to Open New Medicare Advantage Centers
February 4, 2020

Humana (NYSE: HUM), the U.S. insurance giant, has launched a joint venture with a private equity firm. The agreement will see Humana launch new primary-care centers for Medicare Advantage enrollees….

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FinTech: Jenfi Has an Innovative Lending Model For SMBs in Southeast Asia
February 4, 2020

The Jenfi fintech targets small businesses that are underbanked…even in Singapore. It has an Innovative Lending Model For SMBs in Southeast Asia. Jeffrey Liu and Justin Louie, who worked together…

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Hedge Funds: Starboard Value Pressures for Changes at eBay, Deal at Green Dot
February 4, 2020

Starboard Value is pushing for eBay (NASDAQ: EBAY) to sell or spin off its Classifieds Group. The hedge fund took a stake in the company one year ago beside fellow…

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Artificial Intelligence: How to Invest in The Next Big Thing
February 4, 2020

Buy a piece of the looming tsunami of growth in the AI market by investing today. Artificial intelligence, or AI, is the fourth industrial revolution. The steam engine heralded the…

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Liquid Alternatives: The First Trust Merger Arbitrage ETF Will Skim Merger Spreads
February 4, 2020

The First Trust Merger Arbitrage ETF Will Skim Merger Spreads. It’s a hedge fund type, actively managed ETF. But don’t balk at its fees.

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Digital Assets: Israeli CyberSecurity Firm GK8 Dares Hackers With $250K Bounty
February 4, 2020

GK8 has dared hackers to burgle a bounty of $125K stored in a cold wallet, with the promise of another payout of a $125K bonus. The first person to crack…

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DailyAlts Playbook: The Iowa “Circus”, Coronavirus Warnings, the “Succession” Drama in South Korea, Tepper’s Market Temperament, and a Busy Day for Activists
February 4, 2020

The morning, we start in Iowa. For years, political analysts have asked why Iowa should be the first voice in the primary season. Last night, Iowa proved it shouldn’t play…

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Private Equity: Blackstone Tactical Opportunities Announces $1.4 Billion Final Close of Phoenix Tower International Project
February 4, 2020

Blackstone Tactical Opportunities funds completed the recapitalization of Phoenix Tower International. The deal will allow the wireless communications infrastructure provider to execute on its global infrastructure business plan.. Tac Opps has…

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Alternative Investments: Pacific Premier Bancorp Buys Opus Bank
February 4, 2020

Pacific Premier Bancorp (NASDAQ: PPBI), the holding company of Pacific Premier Bank, announced plans to purchase and Opus Bank (NASDAQ: OPB). Terms of the deal set the value at about…

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Digital Assets: Bitcoin Preparing For Explosive Upside
February 3, 2020

Bitcoin in bullish setup and Bakkt futures OI at an ATH The BTCUSD daily chart above shows a very bullish setup for the cryptocurrency. When taken with the blast-off in…

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