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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Artificial Intelligence: Coronavirus! This AI Startup Warned of the Outbreak on December 31

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: It pores over global news reports, airline data, and animal disease outbreaks using natural language processing and machine learning techniques. The outputs from the platform are scanned by epidemiologists who sound the alert if they spot an outbreak.

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Hedge Funds: Shades of LTCM Lurk, Only This Time It Could Be Much Bigger
January 22, 2020

Regulations hobbled banks’ risk-taking abilities after the last global financial crisis. But risk never really went away, it just switched masks. And hedge funds are the new face of unbridled…

Private Equity: Lexington Partners Raises $14 Billion for Ninth Fund
January 22, 2020

Lexington Partners announced the closing of Lexington Capital Partners IX which raised $14 billion of commitments. Lexington Capital is one of the largest funds that invest in private equity and…

ESG: Citigroup Social Impact Fund Hits $150 Million
January 22, 2020

The details around the Citigroup social impact fund emerged this week. The bank announced it funded a $150 million social impact fund. The fund will invest in private companies that…

Next Generation Technology Growth Fund II Closes at $2.2 Billion
January 21, 2020

The KKR Next Generation Technology Growth Fund II has closed. KKR announced a $2.2 billion fund dedicated to growth equity investment opportunities in the technology space in North America, Europe,…

Blackstone CEO Steve Schwarzman: Fewer Things to Buy Today for Private Equity
January 21, 2020

Blackstone CEO Steve Schwarzman confirmed our concerns about dry powder and higher valuations during an interview at the World Economic Forum. Schwarzman discussed the lack of opportunities with CNBC. The…

Real Estate: KKR Buys the Summit from Hines Global REIT
January 21, 2020

Hines Global REIT is a non-traded real estate investment trust that has been selling properties and winding down operations. Last week, the firm announced that it had sold The Summit…

Digital Assets: UAE a Flag-bearer for Blockchain Technology Deployment
January 21, 2020

The UAE is a Flag-bearer for Blockchain Technology Deployment. A joint white paper has been issued by the World Economic Forum and the United Arab Emirates’ Centre For The Fourth…

Real Estate: GSAM Takes Minority Stake in Kayne Anderson Real Estate
January 21, 2020

Kayne Anderson Real Estate has secured a prestigious investor. Goldman Sachs Asset Management has taken a passive minority investment in the firm through its AIM Petershill program. Kayne Real Estate…

The DailyAlts Playbook: The World Economic Forum, Citadel’s Return to China, Musk’s Mars Distraction, and Guggenheim Partners’ Warning.
January 21, 2020

Today, the DailyAlts Playbook talks the World Economic Forum, Citadel’s return to China, Elon Musk’s latest distraction, and Guggenheim Partners’ warning.

Hedge Fund Performance Update: December 2019
January 21, 2020

Hedge fund performance was strong at the end of 2019. The Preqin All-Strategies Hedge Fund benchmark returned +2.00% in December, bringing the 2019 return to +11.58%. Funds of hedge funds gained…