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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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Who’s Afraid of Carl Icahn? Not Putnam
November 25, 2019

Putnam Investments is on the opposite side of Carl Icahn’s massive short bet against mall owners’ debt. So is Alliance Bernstein. Putnam says Icahn is wrong to think malls are…

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The Arms Race in ESG Ratings: S&P Buys RobecoSAM Unit
November 25, 2019

The hot new sector of environmental, social, and governance (ESG) ratings is witness to a lot of deal activity this year. Investors, fund managers, and regulators are pressing for data…

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Facing Crowded IPO pipeline, Neptune Energy To Tighten ESG Belt
November 25, 2019

A BloombergLaw report said Neptune would explain to investors how its business will weather mounting environmental, social, and governance (ESG) concerns. According to this report, Neptune will publish for the…

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Peter Brandt: Bitcoin Could Hit $5,500 in 2020
November 25, 2019

Peter Brandt, the Factor LLC CEO, said that Bitcoin could drop to $5,500 before it shows a recovery. In a Tweet sent on November 21, Brandt set his floor price…

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Activist Investors Pressure Palantir on Human Rights
November 25, 2019

Palantir Technologies, a tech analytics company, faces new pressure from a group of activist investors. The Investor Alliance for Human Rights has raised concerns about the firm’s contracts with government…

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Airbnb Lost $100 Million the Second Quarter
November 25, 2019

Airbnb is losing money ahead of its public offering. During the second quarter of 2018, Airbnb earned a $10 million profit. A year later, it lost $100 million before interest…

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Ray Dalio Says He Isn’t Shorting the Market
November 25, 2019

Bridgewater Associates’ Ray Dalio said Friday that his hedge fund isn’t shorting the markets. In a Tweet, Dalio refuted a Wall Street Journal report about his firm’s position.

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Sen. Charles Schumer to Watch Alden Global “Like a Hawk”
November 25, 2019

Chuck Schumer says he’s keeping a close eye on hedge fund Alden Global Capital. The Democratic Senator from New York has raised concerns about Alden’s recent stake in Tribune Publishing,…

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Greg Coffey’s Hedge Fund is Up 29%
November 25, 2019

Greg Coffey retired at the age of 41 after time at GLG Partners and Moore Capital Management and returned to Sydney, Australia. But six years later, he announced plans to…

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Bitcoin Plunges to Sub-$7000 Levels Before Recovering
November 22, 2019

Bitcoin plummeted today after back-to-back crackdowns on virtual currencies by the Chinese Government. Yesterday, regulators in Shenzen, and today, in Shanghai, threatened to crack down on alleged illegal activities. The…

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