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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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September Hedge Fund Redemptions Continue into Fourth Straight Month
November 22, 2019

Hedge fund redemptions continued for the fourth straight month in September. BarclayHedge says that investors’ redemptions hit net $14.7 billion in September. The figure comprised 0.5% of total hedge fund…

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Ray Dalio Calls Next Economic Downturn the “Great Sag”
November 21, 2019

Bridgewater Associates founder Ray Dalio has warned about the next economic downturn on more than one occasion.

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Louis Bacon to Shutter Hedge Fund Moore Capital
November 21, 2019

Louis Bacon will close his New York hedge fund Moore Capital and return money to investors. The Financial Times first reported the story on Thursday morning. The decision comes after…

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Lawmakers Trash Private Equity Report by Ernst & Young
November 21, 2019

Sen. Elizabeth Warren, Sen. Bernie Sanders, and other lawmakers call a report by Ernst & Young a result of “sham research.” In a hard-hitting letter to Ernst & Young, the…

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AWS Killer? Blockchain-Based Cloud Storage in a P2P Architecture
November 21, 2019

Storj Labs’ beta storage service announced its Beta2 launch and the pricing thereof. The Tardigrade Decentralized Cloud Storage Service claims it costs less than half of legacy cloud storage providers.

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Grayscale Bitcoin Trust to Add SEC Legitimacy: Files Form 10 (It’s Not an ETF)
November 21, 2019

In another first, the Grayscale Bitcoin Trust files a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC). If the SEC accepts the application, Grayscale Bitcoin Trust…

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Prosus is Hunry for Venure Capital Returns in Food Space
November 21, 2019

Prosus Ventures, the VC arm of Prosus NV, will continue to make investments in the food delivery space. A new report from Reuters suggests that the company is ready to…

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Two Sigma Enters Private Equity with Sightway Capital Fund
November 21, 2019

Sightway Capital, the new private equity arm of Two Sigma, announced the final close of a new fund. The Sightway Capital I fund will center around building companies in financial…

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Broadridge Financial Solutions Buys ClearStructure Financial Technology
November 21, 2019

Broadridge Financial Solutions announced today that it has purchased ClearStructure Financial Technology, a global provider of portfolio management solutions for the private debt markets.

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Charles Schwab Looks to Purchase TD Ameritrade
November 21, 2019

Charles Schwab and TD Ameritrade could merge, according to CNBC’s Becky Quick. News of a possible deal dropped on Thursday morning.

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