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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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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HSBC World Bank Taps Blockchain to Transfer $20 billion in Digital Assets
December 2, 2019

HSBC World Bank will track $20 billion in digital assets on a blockchain storage platform in 2020. The company plans to initiate the platform Digital Vault by March.

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Embroker Releases 2019 State of Venture Capital Report for U.S. Startups
December 2, 2019

Embroker, a provider of insurance to venture-backed startups, has published “A Look Into VC Funding in 2019.” Its new report analyzes the venture capital (VC) middle market and successful startups…

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Fake News: China Targets Artificial Intelligence and Bots
December 2, 2019

Fake news is a term generating a lot of buzz in the United States. But in China, the term has taken on a whole new meaning. The country has issued…

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How About a Hedge Fund Under the Toshiba Brand?
December 2, 2019

A Toshiba hedge fund may soon emerge. The Japanese conglomerate is seeking a license to operate a hedge fund. The news comes just two years since activist hedge funds pressured…

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Short-Selling U.K. Hedge Fund Cashes In on Chaos
December 2, 2019

Marshall Wace’s LLP reported profits of £258 million. That’s a pretty nice payday for all of its 17 partners. The firm reported a turnover of £803 million at the end…

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Private Equity Giant Carlyle Group’s Latest Windfall: SBI Cards
December 2, 2019

The SBI Cards IPO will be the largest public offering in India this year. On November 27, the company filed its draft prospectus but failed to provide any valuation insight….

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Former Hedge Fund Manager Tom Steyer Would Like to Be President
November 30, 2019

Tom Steyer, the energy-investing billionaire turned environmentalist “anti-billionaire,” hit the debate stage for the first time this week. The 62-year-old hedge fund manager turned activist has called for Donald Trump’s…

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Capco’s Prime Brokerage Consulting To Support Prime Brokers
November 30, 2019

Capco announced its new Prime Brokerage Consulting offering to support prime brokers. Capco is a global management and technology consultancy dedicated to financial services and energy industries. Its Prime Brokerage…

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E-Trade Not Likely To Be An M&A Play…Yet
November 29, 2019

Charles Schwab’s acquisition of TD Ameritrade puts paid to E-Trade’s deal-making hopes. According to the New York Post, which quoted informed sources, E-Trade is unlikely to be in merger play…

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CipherTrace Q3 2019 Cryptocurrency Anti-Money Laundering Report Takeaways
November 29, 2019

CipherTrace has released its Q3 2019 Cryptocurrency Anti-Money Laundering (AML) Report. Here are the key takeaways from this quarter’s report.

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