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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Steve Cohen Looks to Boost Stake As MLB Team Owner

As uber-rich private equity and hedge fund billionaires are homing in on sports franchises, Steve Cohen is negotiating to up his current 8% stake in the Mets to 80%. Cohen paid $20 million for that stake in 2012.

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Google parent Alphabet forays into ‘tech-enabled infrastructure’ with Ontario Teachers
August 30, 2019

Alphabet, its subsidiary Sidewalk Labs LLC, and Ontario Teachers’ Pension Plan join in setting up an infrastructure holding company The new firm, Sidewalk Infrastructure Partners (SIP), will invest in projects…

SEC Fraud Charges: Cambridge Capital Group Advisors, Broad Reach Capital, San Diego-based ANI Development
August 30, 2019

NFL Fraud, Covering that Amex Tab, and a Scam Involving Booze in California SEC fraud charges are more common than you think. On Thursday, the SEC has charged multiple parties…

SEC Charges Michael Hild for Fraud
August 30, 2019

Charges spawn from a complex bond pricing scheme Michael Hild, founder and CEO of Live Well Financial, faces charges for running a $140 million bond scheme. The U.S. Attorney’s Office…

ThoughtSpot, an AI-powered, Data Analytics Startup, Raises $248 Million
August 29, 2019

The latest funding round takes Thoughtspot’s valuation to $1.95 billion and total funding to $554 million Thoughtspot, which was founded in 2012 by Indian-origin tech entrepreneurs, is a US-based data…

Alto Receives Seed Funding from Family Office
August 29, 2019

Alto wrapped up a $5.4 million seed fund round led by led by Jefferson River Capital, the family office of Tony James, Executive Vice Chairman of Blackstone Also participating in…

Shanghai: 2019 World Artificial Intelligence Conference
August 29, 2019

The Shanghai expo on artificial intelligence commenced Thursday with plenty on the cards: A debate between Jack Ma and Elon Musk, deal-making and networking The highlights of the conference so…

Hedge Fund Starboard Value Gets Papa John’s a New CEO
August 27, 2019

Rob Lynch, the Arby’s executive behind the “We have the meats” campaign is the new CEO of Papa John’s International. Hedge fund Starboard Value invested $250 million earlier this year…

M&A Deal News – August 27, 2019
August 27, 2019

GTCR boosts its AUM, Apollo Considers an Energy Deal, and WeWork buys a rival before its IPO M&A Deal News – August 27, 2019: M&A deal news from around the…

Preqin Survey: Alternatives investors wary of ‘toppy’ markets
August 27, 2019

According to the Preqin Investor Update on Alternative Assets H2 2019, a rising number of investors believe that equity markets are at a top and likely to correct Preqin, the…

Peter Thiel’s Founders Fund Exits Stake in Facebook.
August 27, 2019

The Founders Fund, which backed Facebook from its earliest days, has exited its stake in the social media company. The decision was part of a broader plan from the venture…