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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The Elizabeth Warren Hedge Fund Short Bet Has Been Placed
November 27, 2019

Elizabeth Warren and hedge funds go together like oil and water. Over the last month, big hedge fund names like Leon Cooperman and Steven Cohen have warned about the threat…

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Hedge Fund Stone Milliner Asset Management Will Shutter
November 27, 2019

Macro hedge fund Stone Milliner Asset Management is closing its doors. The company announced it would return capital to investors in the face of weak performance and ongoing outflows.

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Liquid Alternatives: SEC Proposes New ETF Derivatives Rules
November 27, 2019

The SEC has proposed new rules on the use of derivatives by mutual funds, ETFs, and closed-end funds. The new rules would also impact business development companies. The new rule…

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Here’s What Private Equity Giant Blackstone Group is Doing With It’s Money
November 26, 2019

Blackstone Group investments are always an interesting subject. The private equity and alternative asset management behemoth Blackstone has had a very successful fundraising year in 2019.

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Alternative Investments: Insurance Company CIOs Between a Rock and a Hard Place
November 26, 2019

Natixis Investment Managers commissioned a survey of 200 Chief Investment Officers (CIOs) at insurers in Asia, Europe, and North America. Nearly 75% said that it was essential to include alternative…

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Activist Hedge Fund Starboard Value Takes Stake in CVS Health
November 26, 2019

Starboard Value Buys a Stake in the Pharmacy Benefits Giant CVS Health has a new activist investor circling around it. The Wall Street Journal reported Monday that Starboard Value has purchased…

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InvestIndustrial’s Seventh Private Equity Fund Raises €3.75 billion
November 26, 2019

Industrial group-turned private equity firm InvestIndustrial overshot the target of €3 billion for its seventh fund. InvestIndustrial, founded in 1990 out of an industrial group, is a leading European investment…

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Digital Assets: A $200 Million Warchest to Spur Bitcoin Cash (BCH) Acceptance
November 26, 2019

Bitcoin Cash (BCH) is the spin-off from the original Bitcoin (BTC) due to a hard fork in August 2017. The crypto offshoot is technologically faster with a “lighter blockweight.” Unfortunately,…

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CIO Roundtable: Liquid Alternatives Named a Top 10 Investment Theme for 2020
November 26, 2019

The leaders of investment platforms at the $339 billion investment manager Neuberger Berman discussed the investment environment through 2019, and the key trends they expect in 2020. Liquid alternative investments…

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JP Morgan Will Use Blockchain to Monitor Dealers’ Financed Car Inventory
November 25, 2019

Error (or fraud-) prone recording of auto inventory will be a thing of the past after JP Morgan implements blockchain. Wholesale car financing at JP Morgan will get a lot…

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