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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Artificial Intelligence: Coronavirus! This AI Startup Warned of the Outbreak on December 31

Toronto-based BlueDot, which uses big data and AI, red-flagged the coronavirus outbreak in December. BlueDot’s AI-driven health monitoring platform analyzes billions of data points. Its process works something like this: It pores over global news reports, airline data, and animal disease outbreaks using natural language processing and machine learning techniques. The outputs from the platform are scanned by epidemiologists who sound the alert if they spot an outbreak.

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Venture Capital: Goodyear Launches New Venture Fund at CES 2020
January 14, 2020

Goodyear, one of the world’s largest tire companies, plans to advance the future of mobility with a $100 million venture capital fund. The company announced the fund, dubbed Goodyear Ventures,…

Alternative Investments: This ETF Copycats Top Hedge Funds and Undercuts Their Fees
January 14, 2020

Launched in December, the iM DBi Hedge Strategy ETF (DBEH) is an actively-managed ETF. Its objective: to match or outperform the largest Global Equity Long/Short hedge funds from the HFR…

Digital Assets: CME Options on Bitcoin Futures Now Trading
January 14, 2020

CME commenced trading in Bitcoin options on Monday. On the first day of trading, Bitcoin options worth $2.19 million traded on CME. This was ahead of the volume of $1.15…

Alternative Investments: A Bidding War For Voya Financial May Happen This Year
January 14, 2020

Voya Financial may become a possible takeover target in the coming months, according to the Financial Times. The report indicates that the former ING Group insurance unit and retirement plan…

Private Equity Merger: Aksia Buys Out TorreyCove Capital Partners
January 14, 2020

New York advisory Aksia will purchase private equity consultancy TorreyCove Capital Partners. The deal will see the two firms marry under the name Aksia. Aksia has specialized in private credit…

Alternative Investments: Lazard Asset Management Launches High-Conviction Strategy Fund
January 14, 2020

Lazard Asset Management has made yet another splash in thematic investing. The firm has launched a new fund employing a high-conviction global equity strategy. The company announced the strategy behind…

FinTech: Visa Snaps Up Fintech Network Plaid for $5.3 Billion
January 14, 2020

Visa Snaps Up Fintech Network Plaid for $5.3 Billion. Plaid allows people to connect their finances to apps. Fintech applications need to connect up with a user’s financial accounts to…

The DailyAlts Playbook – Repo markets, BlackRock’s Climate Reversal, Bubble Warnings, and the Not-so Surprising News from Tribune Newsrooms
January 14, 2020

The DailyAlts Playbook talks repo markets, BlackRock’s climate reversal, bubble warnings, Climate Change funds, and the non-so surprising news out of Tribune newsrooms

Fintech: Goldman Sachs Launches Its Marcus App
January 14, 2020

Online bank Marcus from Goldman Sachs Group has finally come to mobile devices. The Wall Street financial giant launched its long-awaited app for customers last week. The lack of an…

Hedge Fund Westbeck Capital Management: Time to Bet on Canadian Energy
January 14, 2020

Westbeck Capital Management is turning its attention to beaten-down Canadian energy companies. The energy hedge fund believes that these firms will have stronger cash flows in the year ahead compared…