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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: IIPR Announces Sale-Leaseback Deal with Green Thumb Industries
February 3, 2020

Innovative Industrial Properties (IIPR) has announced a sales-leaseback deal with Green Thumb Industries (GTBIF). The $2.9 million deal is for a licensed cannabis processing facility in Toledo, Ohio. 

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Liquid Alternatives: UK Investors Can Now Get Their Hands On First Trust’s US Capital Strength Strategy
February 3, 2020

First Trust launches a highly successful US strategy for UK investors. The First Trust Capital Strength UCITS ETF (FTCS) will replicate one that swept up $1.5 billion in inflows in…

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Liquid Alts: China Urges Funds to Avoid Selling Shares
February 3, 2020

Chinese mutual funds are facing new regulatory scrutiny in the face of a sharp selloff Monday. During the first day since the Lunar New Year holiday, the Shanghai Index fell…

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Digital Assets: South Korea’s Rethink on its CBDC Strategy
February 3, 2020

South Korea is scrambling to make up for the lost time in the global moves towards central bank developed digital currencies. It now intends to constitute a new research team…

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Venture Capital: Saudi Investment Firm Participates in Electric Air Taxi Startup Funding
February 3, 2020

Jameel Investment Management Company invests in Joby Aviation. California-based Joby Aviation, an electric air taxi startup founded in 2009, raised $590 million in a Series C fundraising. The round was…

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The DailyAlts Playbook: All Quiet on the Brexit Front. China’s Economy Takes Another Hit. And Nine More Months of Election Season
February 3, 2020

The morning, we start in China, where a massive selloff hit the Shanghai Index during the market’s first day back from the Lunar New Year celebration. The Index fell by…

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ESG: Trillium CIO: We’re Selling to Australia’s Perpetual
January 31, 2020

Trillium Asset Management CIO John Quealy says that his firm is selling itself to Perpetual.  Trillium is a Boston-based ESG equity and fixed-income manager that launched in 1982. Perpetual has…

Private Equity: KKR Reports Q4 Earnings
January 31, 2020

The KKR earnings report arrived this week. The alternative investment giant said that assets, fees and book value all grew by double digits in 2019. Revenues for the quarter ending…

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FinTech: Online Insurance Marketplace and Insurtech Policygenius Raises $100 Million
January 31, 2020

Policygenius, an online marketplace for comparing and buying insurance products, announced the successful raising of $100 million via its Series D funding round. Jennifer Fitzgerald and Francois de Lame founded…

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Digital Assets: Bitfinex Launches Margin Trading for Tether Gold (XAUt)
January 31, 2020

Bitfinex, the Hong Kong-based crypto exchange, commenced margin trading for Tether Gold with US dollar (XAU₮/USD), tether (XAU₮/USD₮), and bitcoin (XAU₮/BTC) on Thursday at 2:00 PM UTC. This follows the…

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