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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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ESG: State Street Will Turn Screws on ESG Laggards
January 28, 2020

State Street Global Advisors will vote against companies that lag behind on ESG standards. The company stands as one of the largest shareholders in public companies due to its stance…

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Hedge Fund: Martin Shkreli Faces New Charges in Drug Pricing Scheme
January 28, 2020

Martin Shkreli now faces new charges over the alleged price inflation of the drug Daraprim. The infamous “Pharma Bro” and his hedge fund bought the rights to the drug that…

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Liquid Alternatives: 5G-Themed, “The First 5G ETF” (NYSE: FIVG) Rakes in $200 Million
January 28, 2020

The First 5G ETF (NYSE: FIVG), from the Defiance stable, mopped up AUM of over $200 million in less than 12 months. FIVG, a thematic ETF focused on investing around…

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Artificial Intelligence: Coronavirus! This AI Startup Warned of the Outbreak on December 31
January 28, 2020

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:…

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Artificial Intelligence: AI-enabled Monitors Detect Secret Energy Guzzlers In Your Home
January 28, 2020

AI-enabled Monitors Detect Secret Energy Guzzlers In Your Home. A study of Wisconsin households by Alliant Energy finds that most homes could save as much as $300 annually by unplugging…

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DailyAlts Playbook: Bernie Sanders Blowback, ESG Battery Woes, Impeachment Implications, the ECB, and New York State Tax Revenge – January 28, 2020
January 28, 2020

U.S. equity markets are pushing higher Tuesday after their worst day since October. Health experts are calling for calm and insist that coronavirus has been contained for the moment. Chinese…

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Banking M&A 2020: Tim Melvin on Recent Survey Data
January 28, 2020

Banking M&A 2020 became a major topic of discussion this week. Bank Director Editor in Chief Jack Milligan and Rick Childs, a partner at Crowe, conducted a live survey at…

Community Banking: Expect MOE Bank Deals and Other Takeovers in 2020
January 28, 2020

Tim Melvin reports from the 2020 Acquire or Be Acquired Conference. The panel “Wall Street’s Perspective on Bank Deals” featured three noted bank investors. Jonathan Ashe, equity analyst at Wellington Management…

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Act Analytics Launches New ESG Portfolio Analytics Platform
January 27, 2020

Act Analytics announced the launch of a new Environmental, Social and Governance (ESG) portfolio analytics platform. The new platform allows RIAs to compare, contrast, and construct customized ESG portfolios. The…

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Digital Assets: Covantis, a Blockchain-based Agri-business Platform, Ties With ConsenSys
January 27, 2020

Covantis is a blockchain-focused project backed by multinational agri-business companies Cargill, Archer Daniels Midland Company, Bunge and Louis Dreyfus Company. Launched in 2018, the project aims to digitize the firms’…

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