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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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In Focus: The Meteoric Rise of Ken Griffin’s Citadel Securities
December 13, 2019

Kenneth Griffin’s wealth is usually identified with his hedge fund. The flagship Wellington fund is up 16.7% this year through November. According to a Bloomberg story, Griffin made $ 870…

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Real Estate: Broadstone Net Lease IPO in 2020 Could Be $600 Million
December 13, 2019

The Broadstone Net Lease IPO in 2020 Could Be $600 Million. It has enlisted Goldman Sachs and JP Morgan for the IPO.

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Bank of America: ETF Assets to Go 10X, Hit $50 Trillion in 10 Years
December 13, 2019

ETF assets could hit $50 trillion by 2030, a figure that is more than ten times current levels, according to Bank of America. The bank also said this week that…

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The Domino Effect From This Chinese Bond Default
December 12, 2019

Mutual funds bleed after Peking University Founder Group Co.’s bond default. Peking University Founder Group Co.’s bonds crashed by 70% the day after the Founder Group defaulted on a 2…

Another Day, Another Hedge Fund Plans to Return Investor Capital
December 12, 2019

Everett Capital Advisors will return capital to investors, according to a new report from Bloomberg. The hedge fund of Kelly Hampaul had a rather solid run. Founded in 2015, the event-driven…

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Digital Assets: Jay Clayton – SEC Hastens Slowly on Digital Assets
December 12, 2019

Jay Clayton said in testimony to the Senate that the SEC was taking a measured approach to regulation of digital assets. Jay Clayton was very positive on the prospects of…

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Activist Updates: 27 Jobs Lost in Countdown to Icahn’s Miami Move
December 12, 2019

Billionaire activist investor Carl Icahn is moving to Miami in a bid to lower his tax bill. As previously reported, Icahn will relocate to Miami by March 31, and any…

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Activist Updates: Starboard is Aboard Mednax; Wants Co’s Sale, Board Seats
December 12, 2019

Activist Investor Starboard Value LP, which owns a stake in Mednax Inc., has proposed a majority slate of directors in the latter. According to a report in The Wall Street…

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Artificial Intelligence (AI) Improves MRI Detection of ADHD
December 12, 2019

Deep learning, a kind of AI applied on MRI scans improved ADHD detection significantly. The University of Cincinnati College of Medicine and Cincinnati Children’s Hospital have developed an AI system…

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Digital Assets: Its Halving in 2020 Could Boost Bitcoin to $50,000
December 12, 2019

Bitcoin’s halving in April/May 2020 could trigger a bull run in the cryptocurrency. At least two analysts say that bitcoin’s halving in 2020 could eventually lead to prices in the…

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