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.

Top Story

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.

Read more

Get Daily Updates

Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.

  • This field is for validation purposes and should be left unchanged.

https://dailyalts.com/wp-content/uploads/2019/11/pub-2271549_1920-whiskey-AI.jpg
‘What’s Your Poison…Er…Whisky?’ Let AI tell you
November 29, 2019

If you want a single malt, but don’t know which, an artificial intelligence (AI)-based app will guide you. Diageo has launched an online service that will help consumers choose their…

https://dailyalts.com/wp-content/uploads/2019/11/57e1dd474b52ab14ea898579ce203e7c1d22dfe05455784f702e72d6_640.jpg
Ant Financial Looks to Inject $1 Billion into Asian Tech Startups
November 29, 2019

Ant Financial has started raising $1 billion for a fund focused on Southeast Asia and India. The fintech arm of Alibaba is looking to expand its presence across the growing…

https://dailyalts.com/wp-content/uploads/2019/11/Interior_of_Chhatrapati_Shivaji_Terminus_5367542608-wiki.jpg
Manulife: India’s Mutual Fund Market To Leapfrog To Second Largest in Asia
November 29, 2019

The size of the Indian mutual fund market is currently about $ 390 billion. According to Manulife’s Dommermuth, India will be the fastest-growing mutual fund market in Asia. Within three…

https://dailyalts.com/wp-content/uploads/2019/11/55e6d0474850ab14ea898579ce203e7c1d22dfe05455784f762873d3_640.jpg
Private Equity Firm Warburg Pincus to Raise $1.5 Billion India-Focused Fund
November 29, 2019

An India-focused private equity fund is coming to the markets. PE s Warburg Pincus announced plans to raise $1.5 billion for its first fund centered around India. Reuters reported that…

https://dailyalts.com/wp-content/uploads/2019/11/5fe2dc474a54b114a6d98074cf213576083edbe25758774e72267d_640.jpg
Research from Preqin Shows Funds Lost $34.4 Billion in Q3
November 29, 2019

Research from Preqin shows that the hedge fund industry lost $34.4 billion in the third quarter. This was the sixth-straight quarter that outflows outpaced inflows. That said, the strong performance…

https://dailyalts.com/wp-content/uploads/2019/11/57e0d6444a57a914ea898579ce203e7c1d22dfe05455784f73287edc_640.jpg
American Hotel Income Properties REIT Buys 12 Hotels
November 29, 2019

American Hotel Income Properties REIT acquired a portfolio of 12 well-maintained Premium Branded hotels. The deal for the 12 hotels, totaling 1,203 guestrooms, is $191 million.

https://dailyalts.com/wp-content/uploads/2019/11/business-4611009_1920-schwab-td-banks.jpg
Could the Charles Schwab-TD Ameritrade Deal Move Big Banks’ Cheese?
November 29, 2019

After acquiring TD-Ameritrade for $26 billion, Charles Schwab will get its hands on even more cash. TD-Ameritrade currently invests its customer cash through Toronto-Dominion Bank and other banks. All that…

https://dailyalts.com/wp-content/uploads/2019/11/52e1d5404951a814ea898579ce203e7c1d22dfe05455764b7d297edd_640.jpg
Japanese Government Wooing Hedge Funds Away from Hong Kong
November 28, 2019

The Hong Kong political crisis has certain hedge funds looking for an exit. A delegation from Tokyo’s financial industry has organized meetings to lure these funds to move to Japan.

https://dailyalts.com/wp-content/uploads/2019/08/WeWork-is-Rival-to-Industrious.jpg
Howard Marks: WeWork IPO Failure a Sign of Market Discipline
November 28, 2019

Oaktree Capital co-chairman Howard Marks said that failing tech IPOs in 2019 is a sign of investor discipline. The billionaire money manager discussed WeWork’s near-collapse and failed IPO with Reuters…

https://dailyalts.com/wp-content/uploads/2019/11/co2-3139230_1920-ecosecurities.jpg
Carbon Credit Generator EcoSecurities Back in Pioneer Moura Costa’s Fold
November 28, 2019

JP Morgan acquired EcoSecurities in 2009 for $220 million but sold it in 2013 to Mercuria, the global energy, and commodity group. According to a Reuters report, Mercuria has now…

Scroll to Top