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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Emission-Free Friday: Here are the Latest Funds to Push for Carbon Neutral

Carbon emissions dominated the headlines this week. The European Commission has announced an ambitious plan to shift toward a green economy and make the EU carbon-neutral in the year ahead. The plan will cost at least one trillion euros over the next decade, require 25% of the EU budget, and involve a mix of private and public funds. EU chief Ursula von der Leyen called the project unprecedented.

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Neil Shah Joins Evercore as Senior Managing Director
August 12, 2019

The Harvard law graduate has 20 years of private equity experience and will launch Evercore’s permanent capital business. Neil Shah will join Evercore’s Investment Banking business as a Senior Managing…

BlackRock Cuts First Private Equity Deal for Authentic Brands
August 12, 2019

BlackRock becomes the largest stakeholder in a company with a powerful portfolio of global brands. BlackRock announced over the weekend that it scored a 30% stake in Authentic Brands.  The…

The Death of Sears – We’re Well Past 1,000 Cuts
August 9, 2019

Eddie Lampert’s Transform Holdco will shutter another 26 shops as Sears’ demise accelerates. The death of Sears will continue at a slow, steady pace well into the fall. Next week,…

ESG Hedge Fund Falters in Sweden
August 9, 2019

The fund had only $2.46 million in assets one year into its operations Handelsbanken Fonder will shutter its ESG hedge fund Handelsbanken Hållbarhet Hedge on September 5, according to a…

Najarian Brothers Welcome New Advisors to Cannabis ETF
August 9, 2019

Jon and Pete Najarian on Board Biotech Entrepreneur and Cannabis Investment Specialist The Najarian brothers of CNBC fame have welcomed two new members to the strategic advisory team of Innovation…

Venture capital funding in healthcare AI pops in Q2
August 9, 2019

Venture capital funding continues to rise in the healthcare artificial intelligence space A new report from CB Insight shows that venture capital investment surged in startups for healthcare artificial and…

Jeff Tarrant Passes Away at 63
August 9, 2019

The hedge fund pioneer made a legendary bet against Warren Buffett on activist traders Jeffrey Tarrant, the co-founder of Protégé Partners, has passed away at 63 after a battle with…

BlueMountain Capital Sold to Assured Guaranty
August 9, 2019

Affiliated Managers Group sells its state to the Bermuda-based municipal bond and infrastructure insurer, for $91 million. BlueMountain Capital has struggled in 2019. At the end of June, its flagship…

Scaramucci: Trade War Holds Back Capital Expenditures
August 8, 2019

Anthony Scaramucci thanked President Trump Thursday for helping to bolster the alternative investment industry after the 2017 Jobs and Tax Cuts Act.  However, he then warned the White House that…

“Venture Capital” Investor Tanmaya Kabra Busted for Alleged Ponzi Scheme
August 8, 2019

Prosecutors say a 25-year-old he used investors’ money to buy a boat and pay off credit cards. Tanmaya Kabra told clients he was a Venture Capital investor and serial entrepreneur….