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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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New BDO Report Shows VC and Private Equity Preparing for Downturn
December 12, 2019

A new BDOreport U.S. Private Capital Outlook explores the preparations of venture capital and private equity firms ahead of a projected downturn. The report replaces and expands on BDO’s report,…

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Private Equity: Nobody Thought What Nancy Pelosi’s Drug Price Plan Would Do To Small Biotechs
December 12, 2019

With all the drama around Pelosi’s proposed drug pricing plan focused on the large pharma companies, nobody thought of the small guy. In fact, small biotechs are responsible for 7…

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Alternative Investments: Japanese Economic Growth Surprises to the Upside – ETFs to Pick
December 12, 2019

Japanese economic growth during the third quarter of 2019 surpassed both preliminary and market forecasts. Japan’s GDP growth during the third quarter of 2019 came in at an annualized 1.8%….

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Mednax Faces Activist Pressure from Hedge Fund Starboard Value
December 11, 2019

Mednax, a healthcare service provider, is facing activist demands from Starboard Value. The hedge fund is reportedly seeking a complete or partial sale of the company. The Journal says that…

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Three Men Netted in $722 Million Crypto Mining Fraud
December 11, 2019

A 5-man team conned investors in a crypto-mining based Ponzi scheme. According to US Attorney Craig Carpenito, two men from Colorado and a third from California were arrested on Tuesday…

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Hedge Fund AQR Asset Management Report Talks “Risk On”
December 11, 2019

AQR Asset Management researchers have put out a new paper that looks at fixed income investing. As rates have declined over the past 20 years, active fixed income managers have…

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Activist Investors Stay Busy This Week – Rolls Royce, GAM, Domino’s Pizza
December 11, 2019

Activist investors are pushing for significant changes as we bring this year to a close. This week, Domino’s Pizza chairman Stephen Hemsley announced plans to step down from his role…

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Venture Capital: Proteus Digital Health the Latest Startup Struggling to Raise Cash
December 11, 2019

Proteus Digital Health is reportedly seeking a financial lifeline after it failed to extend a $100 million financing round.

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Notz Stucki Will Purchase Alternative Investments Manager Jam Research
December 11, 2019

Notz Stucki has purchased Geneva-based alternative investment management firm JAM Research.

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Artificial Intelligence: Banks Can Leverage AI For a $450 Billion Bonanza
December 11, 2019

Banks could save a humongous $447 billion by 2023 by deploying artificial intelligence (AI), says the AI IN BANKING research report from Business Insider Intelligence. Of this, front office banking…

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