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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World’s Largest Asset Manager: CEOs Should Not Serve on Other Boards
August 27, 2019

BlackRock voted against 94 CEOs who wanted to serve on more than one board outside their company The world’s largest asset manager is taking aim at chief executives who sit…

The 30-Year Bond Yield Falls Below the S&P 500 Dividend Yield
August 27, 2019

The last time that happened was at the depths of the financial crisis in 2008-2009 Treasury bond yields are plunging because investors are bidding up bond prices in a rush…

PNC Investments Creates List of Recommended Liquid Alts Funds
August 25, 2019

PNC collaborates with Morningstar on new liquid alts project PNC Investments has launched a recommended list of liquid alternative mutual funds. The broker-dealer arm of PNC Financial is creating the…

Sumitomo Mitsui Trust Asset Management to Open NYC Office
August 24, 2019

The new office will start with 10 employees and follow the blueprint of its London operations Sumitomo Mitsui Trust Asset Management (SMTAM) will open an office in Manhattan as soon…

Eisler Capital Plucks Henry Howell from Goldman Sachs
August 22, 2019

A Goldman alum heads to a hedge fund… run by a Goldman alum Eisler Capital, a macro hedge fund based in London, has hired Henry Howell for a new role…

Industrious – a WeWork rival – Raises $80 in Latest Round
August 22, 2019

The coworking rival just raised money… but the bigger threat to WeWork is profitability in 2020 Industrious, a U.S. coworking firm, announced it has raised another $80 million in a…

M&A Deal News – August 21, 2019
August 21, 2019

A new Osram suiter, Avaya finds an alternative to Mitel, an Italian-French merger, and Goldman takes China. Let’s look at Wednesday’s M&A Deal News. M&A Deal News – August 21, 2019:…

Blackstone Hires Ram Jagannath to Head Growth Equity Platform
August 21, 2019

The new senior managing director has two decades of experience in the healthcare and technology sectors Add another senior name to recent Blackstone hires. The firm has hired Ram Jagannath…

CFA Results for 2019 Show Drop in Performance
August 21, 2019

Roughly 20% of test-takers didn’t even show up in June CFA results are out from June’s annual testing, and the numbers are… The CFA Institute said that the percentage of…

Blackrock Aims to Cut Fees and Risk in Private Equity Investing
August 21, 2019

Blackrock is upending the cozy status quo of high fees and high risk in private equity with its $ 870 million investment in Authentic Brands Blackrock’s Long-Term Private Capital Fund…