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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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Guild Education Hits $1 Billion Valuation
November 15, 2019

Guild Education is the latest company to join the exclusive unicorn club this year. The firm announced it has closed its Series D round, pulling in $157 million in the…

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Alibaba’s “Escape Valve” Listing in Hong Kong Will Be Paperless
November 15, 2019

Alibaba is choosing to list its forthcoming IPO in Hong Kong as a backup base outside its US listing. It likely has an apprehensive view of the US-China trade wars…

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Mitsui Fudosan Scores Facebook as Tenant at Hudson Yards
November 15, 2019

Facebook is moving to Hudson Yard, the single largest private real estate project in the United States. The social media giant will lease 30 floors and three buildings in the…

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Here’s What Warren Buffett Bought and Sold in the Third Quarter
November 15, 2019

The Warren Buffett 13-F for the third quarter hit the news cycle on Thursday. His firm Berkshire Hathaway purchased 1.2 million shares of Restoration Hardware (RH(. The news pushed RH…

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Northgate Capital Announces New $120 Million VC Fund
November 15, 2019

Northgate Capital announced it has closed Northgate Venture Partners VIII (NVP VIII) fund at $120 million. NVP VIII invests primarily in marquee venture capital firms and a select number of emerging…

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Study: Activist Investing Spurs Innovation in Targeted Companies
November 14, 2019

A research study by Columbia Business School’s Professor Wei Jiang shows that activist investors help the cause of innovation in their companies. Prof Jiang is the Arthur F. Burns Professor…

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Hawaiian Electric to Activist Fund: We’re Not Looking Outside for New Leader
November 14, 2019

Hawaiian Electric slammed activist hedge fund ValueAct this week. The company responded to the activist fund’s call to locate a successor for its President and CEO Constance Lau.  ValueAct has…

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Quarz Capital Pushes for Sabina-ESR REIT Merger
November 14, 2019

Quarz Capital Management is pushing for a merger of two large Singapore-based real estate investment trusts (REITs). The activist fund is pushing for a merger of Sabana Shari’ah Compliant Industrial…

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CPPIB Reports 2.2% Return in the Second Quarter
November 14, 2019

The Canada Pension Plan Investment Board (CPPIB) reported gains of 2.2% during the second quarter. On Thursday, the nation’s largest public pension fund reported how it delivered the return.

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Is Saudi Arabia Running Out of Money?
November 14, 2019

The Saudi Aramco IPO could be a ploy to raise money for a nation under financial duress. That’s the statement from former CIA chief David Petraeus in an interview with…

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