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 are Selling Oil Again

NYMEX and ICE WTI data show that hedge funders were net sellers of crude oil for the week ending January 14. Funds sold roughly 99 million barrels in the six primary crude futures and options contracts. With funds less focused on geopolitical tensions in the Middle East, concerns are rising about the status of the global economy.

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Fidelity Digital Assets Secures New York State License
November 20, 2019

Fidelity Digital Assets received a license from the New York State Department of Financial Services. The state regulator provided permission for the crypto-arm of Fidelity Investments to offer new services….

Prison For the Man Who Tried to Scam The Mooch
November 20, 2019

Premium Point Investments trader receives 40 months in prison for a mismarking scheme. Anthony Scaramucci has received justice from the firm that caused Skybridge Capital about a $79 million loss….

HarbourVest Closes Fifth Fund at $3 Billion
November 20, 2019

HarbourVest Partners announced it has closed its latest fund at $3 billion. The private equity shop announced the HarbourVest Partners Co-Investment Fund V at oversubscribed. its original target was $2.5…

BB&T and Suntrust Receive Approval for Truist Merger
November 20, 2019

BB&T and Suntrust received approval for their merger of equals by the Federal Reserve System and the Federal Deposit Insurance Corporation.

The Blackstone Group 13-F Recap for the Third Quarter
November 20, 2019

The Blackstone Group 13-F for the third quarter emerged this week. While we cannot see the private company holding of Blackstone in these filings, we can see what publicly traded…

H.I.G. Capital Raises $3 Billion for New Fund in Less Than Four Months
November 20, 2019

H.I.G. Capital, the Miami buyout shop, has raised more than $3 billion for its new LBO fund. In less than four months, the firm completed a raise for its H.I.G. Middle…

Alden Global Capital Buys Stake in Tribune Publishing
November 20, 2019

Alden Global Capital has purchased Michael Ferro’s 25.2% stake in Tribune Publishing. Ferro was the largest shareholder of the newspaper company. The deal priced the stake at 9 million shares…

Commissioner Lee Focuses the SEC on a revamp of ESG
November 20, 2019

SEC Commissioner Allison Herren Lee wants the SEC to clarify its role and update disclosure requirements on ESG. In prepared remarks addressed to the Investment Advisory Committee (IAC), SEC Commissioner…

Here’s The Third Quarter KKR 13-F
November 20, 2019

The KKR 13-F emerged last week. Managers must submit 13-Fs every quarter. These forms list all the securities they own for themselves and their investors.

Dennis Davitt Joins Hedge Fund Malachite Capital (And Other People on the Move)
November 19, 2019

Malachite Capital has hired David Davitt as a Portfolio Manager and Head of Malachite Equity Strategies.