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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Hedge Fund Alden Global Capital Offers Buyouts to Tribune Publishing Employees
January 13, 2020

Tribune Publishing buyouts are coming. And it didn’t take long for newsroom jitters to become a reality. Just two months after Alden purchased a 32% stake in the publisher, it…

Fintech: The Reserve Bank of Australia Sees Little Need for Libra Project
January 13, 2020

The Reserve Bank of Australia is the latest central bank to suggest that the Libra cryptocurrency project will not work. It also questioned the viability of central bank digital currencies…

Hedge Fund Citadel Distances Itself from Ex-Employee over Illegal Trading
January 13, 2020

Hedge fund Citadel issued a statement last week that distanced itself from a former trader who profited from non-public information. Michael Mindlin worked for Citadel between June 2016 and June…

Fintech: California Pushes New Fintech Regulations
January 13, 2020

The State of California could soon overhaul the regulatory oversight of financial technology companies. Governor Gavin Newsom released details of his 2020-2021 budget. Inside, the proposal includes a provision to…

Hedge Fund PointState Capital Blocks Investors from Withdrawing Cash in Full
January 13, 2020

PointState Capital has moved to stop investors from pulling all of their capital in full. According to an investor letter seen by Bloomberg, the company will only allow recent redemption…

Venture Capital: What the IPO Market Needs Now – To Wake Up
January 13, 2020

Casper Sleep, the online mattress retailer, has filed for its initial public offering. According to an SEC filing, the company has planned an offering at $100 million. Morgan Stanley, Jeffries…

The DailyAlts Playbook – PointState’s Redemption Woes, Crypto Whale Dominance, a Sleepy IPO, and a Contest to Fly around the Moon with a Love-Starved Japanese Billionaire.
January 13, 2020

Today, the DailyAlts Playbook talks PointState’s redemption woes, Crypto Whale dominance, a sleepy IPO, and a contest to go around the moon with a love-starved Japanese billionaire.

Amazon Tells Users to Uninstall Fintech Browser Honey Over Security Issues
January 13, 2020

The browser extension Honey just lost a huge source of opportunity. Just weeks after PayPal purchased the browser extension for $4 billion, Amazon has told customers to uninstall it. The…

ETF Challenger WisdomTree Wants to Launch a Stablecoin
January 13, 2020

WisdomTree is pushing to launch a regulated cryptocurrency in the U.S. markets. The firm’s stablecoin would be pegged against a basket of assets – which could include government debt, the…

Pitchbook: Private Equity Firms Topped $300 Billion in Fundraising Last Year
January 10, 2020

Pitchbook data reveals that private equity firms shattered fundraising records last year as investors seek alternatives to traditional markets. A new report shows that PE shops raised more than $300…