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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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The DailyAlts Playbook – The coronavirus outbreak, big losses for Tesla shorts, and why Bernie Sanders’ wealth tax will miss its target.
January 23, 2020

This morning, the Dow Jones is in reverse as President Donald Trump returns from Davos, Switzerland to Washington D.C. Once he arrives home, he will face the ongoing media circus…

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Venture Capital: Fintech Accelerator Catalyst Fund Receives $15 Million From JPMorgan and UK Aid
January 22, 2020

Catalyst’s main agenda is to drive financial inclusion in emerging markets. Boston-based fintech accelerator, Catalyst Fund, which specializes in emerging and frontier markets, is now armed with an additional $15…

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Artificial Intelligence: Google CEO Sundar Pichai Calls for “Sensible Regulation”
January 22, 2020

Google CEO calls for regulation of artificial intelligence

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FinTech: Fintechs That Could be in Play After the Visa-Plaid Deal
January 22, 2020

There are too many fintechs out there, but many can’t survive on their own. A Barron’s analysis of likely deal-making in the fintech sector after the landmark Visa-Plaid deal shows…

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Hedge Funds: The Top Ranking Hedge Funds since Inception-How They Fared in 2019
January 22, 2020

TCI and Lone Pine led the list of top-performing hedge funds for last year. Chris Hohn’s TCI and Stephen Mandel’s Lone Pine Capital logged gains of $8.4 billion and $7.3…

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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…

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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…

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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…

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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,…

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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…

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