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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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Woodford Investors Might Lose One-Third of Their Money
November 13, 2019

The LF Woodford Equity Income Fund might lose more than one billion pounds, according to a new Reuters report. The fund – backed by 300,000 investors – failed due to…

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New Swiss Regulated Bank is a Bridge Between Traditional Banking and Crypto
November 13, 2019

Switzerland -headquartered SEBA Bank AG became fully operational on Tuesday and started taking on Swiss customers. It received a banking and securities dealer license from the Swiss Financial Market Supervisory…

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JP Morgan Invests in “Research Atomising” Startup Limeglass
November 13, 2019

JP Morgan invested an undisclosed amount in a startup that uses AI and NLP to simplify and focus research documents. Imagine you wanted to find all references to Netflix in…

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European Money Market Funds and the ESG Juggernaut
November 13, 2019

Goldman Sachs Asset Management tweaks a money management fund for ESG, especially diversity. Goldman Sachs is heeding the ESG clarion call from investors. The asset manager has introduced environmental, social,…

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Whoa… Primavera Capital Raises $3.4 Billion China Fund
November 12, 2019

Primavera Capital Group has raised $3.4 billion for its Primavera Capital Fund III. This is the second-largest close ever by a domestic manager with a focus on China. The record…

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Hedge Fund Whitebox Advisors is Making a Big Bet on Gunmaker Remington
November 12, 2019

Whitebox Advisors is replacing a number of banks as a lender to Remington Outdoor Company. While Wall Street turns away from gun producers, the credit-focused hedge fund sees opportunity on…

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Preqin Executive Report: Less than 12% of Senior Roles in Alternatives Are Occupied by Women
November 12, 2019

A new Preqin executive report shows that women hold a small number of executive roles in the alternative investment industry. Preqin data shows that more women are working in the…

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Alipay’s Brute Power on Display on Singles Day
November 12, 2019

Alipay is the 800-pound gorilla in the global fintech room. It processed more than US$38 billion of payments in a single day. Alipay’s global fintech supremacy is without question. On…

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Neuberger’s ESG Investing to Include Small Japanese Companies
November 12, 2019

Neuberger Berman, a US private equity firm, is creating a niche ESG fund focused on small Japanese firms. Neuberger Berman is looking at small (also mid-sized) Japanese companies because they…

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A Profitable Portfolio: Let Casino REITs Boost Your Odds
November 12, 2019

Daniel Adams, an analyst at Nomura Instinet, thinks gaming REITs are likely to be re-rated higher by investors. Valuations in the three-player sector could notch higher based on property sales,…

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