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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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Bank Technology: The Driver of M&A Over the Next 10 Years?
January 27, 2020

Will 2020 be the year that we see the tipping point in bank technology? Attendees at the Bank Director Magazine Conference in Phoenix think so. The sentiment is that banks in 2030…

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Bank Director Magazine Conference: Fintech, Cybersecurity and Other Worries for 2020
January 27, 2020

Tim Melvin is attending the conference in Phoenix this week. At the top of the list is competition form fintech firms and big tech companies. Millennials are more focused on…

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Alternative Investments: Pensions Could be Holding $61 Trillion of Assets Globally By 2025
January 27, 2020

Pensions Could be Holding $61 Trillion of Assets Globally By 2025. A report from the Association of the Luxembourg Fund Industry said that pension funds are “facing a crisis of…

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Hedge Funds: Coffey’s Kirkoswald Asset Management To Stop Accepting New Cash
January 27, 2020

Effective end-March, global macro hedge fund manager Greg Coffey will not accept new money into his two-year-old portfolio. Greg Coffey’s Kirkoswald Asset Management, which last year earned 28%, and trades…

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Digital Assets: Tether Gold is a New Gold-backed Crypto-Asset
January 27, 2020

Tether announced the launch of the Tether Gold (XAU₮), a digital token that is backed by collateral of physical gold (XAU). These tokens can be held in a Tether wallet…

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Melvin: Observations From the Bank Director Magazine Acquire or Be Acquired Conference
January 27, 2020

Tim Melvin is attending the Bank Director Magazine Acquire or Be Acquired Conference in Phoenix, AZ this week. Over 1,000 bankers have gathered to talk about M&A and growth strategies…

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The DailyAlts Playbook – January 27, 2020
January 27, 2020

Today, the DailyAlts Playbook talks Kobe Bryant’s legacy, the Monday meltdown, insider trading, and impeachment.

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Venture Capital: SoftBank Leads a $125 Million Series in Mexican Fintech AlphaCredit
January 27, 2020

SoftBank Leads a $125 Million Series in Mexican Fintech AlphaCredit. The fintech provides loans and financial solutions to individuals and SMEs in Mexico and Colombia. Unfazed by problems in the…

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Digital Assets: Ray Dalio – Cash is trash; BTC is Untouchable; Libra Maybe; Stocks are Good; Gold is Best
January 24, 2020

Ray Dalio, a long time bitcoin sceptic, again panned the cryptocurrency at Davos. Cash is trash; BTC is Untouchable; Libra Maybe; Stocks are good; Gold is Best, he said.

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American Banking Association: M&A Expectations for 2020
January 24, 2020

The American Banking Association has released its outlook for merger and acquisition activity in the banking sector in 2020. The ABA finds that the forces contributing to the consolidation of…

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