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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Swedish fintech company Klarna achieved a significant improvement in its financial performance during the first quarter, as it halved its net loss compared to the same period last year. The company reported a net loss of 1.3 billion Swedish krona ($120.7 million), down 50% from the previous year’s loss of 2.6 billion krona.
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Artificial Intelligence May Provide Advance Warning of a Heart Attack
Artificial intelligence to detect heart attacks may soon be a reality, according to research at the University of Oxford.
More Americans Know at Least One Cryptocurrency
A new YouGov survey suggests that more Americans than ever are learning about cryptocurrencies. The survey shows that 81% of Americans have heard of at least one cryptocurrency.
U.N.’s Interim Report on Harnessing Digitalization in Financing of Sustainable Development Goals
On November 29, 2018, the Secretary-General constituted a 17-member task force on Digital Financing of Sustainable Development Goals.
CI Liquid Alternatives Get Warm Reception from Investors and Advisors
In the space of a mere ten months, assets at CI Investments’ liquid alternative funds have exceeded $1 billion. Strategies that were earlier the domain of sophisticated hedge funds are now available to the everyday investor via a special kind of mutual fund. CI Liquid Alternative funds combine ‘alternative’ strategies with the on-tap liquidity of…
Green’s Push Canadian Robot Tax to Combat AI
A Canadian robot tax could be the first of its kind. The Green Party of Canada has pitched a robot tax to address the growing threat of technologies like artificial intelligence.
D. E. Shaw Targets Emerson Electric
Emerson Electric, the industrial conglomerate and Fortune 500 company, is in the cross-hairs of hedge fund D.E. Shaw.
Ex-Infosys CEO Vishal Sikka Wants To Bring AI to India’s Masses
Ex-Infosys CEO Vishal Sikka believes India can become the Artificial Intelligence (AI) capital of the world. AI could be a massive disruptor in India over the next 20-25 years, says Sikka. Automation and job losses would only be the tip of this iceberg. Instead, India could seize the initiative and turn the disruption into an opportunity by putting together educational programs.
Preqin and Vertex VC Report Shows $1 Trillion Market on Tap
A new Preqin and Vertex VC Report indicates robust growth ahead for the venture capital markets. Preqin and Vertex launched the joint research report called the Global Venture Capital Perspectives report on Wednesday.
Investors in Ripple’s XRP Rely on SEC Guidance To Claim It Was An ‘Unregistered Security’
Investors amended their complaint in a May 2018 lawsuit regarding the XRP cryptocurrency, relying on SEC’s guidance on digital assets. The SEC’s Framework for “Investment Contract” Analysis of Digital Assets has given a group of plaintiffs more power to their elbow in a May 2018 lawsuit. Accordingly, the investors have amended their complaint based on…
Yale University Researchers Say AI Will Weigh Stomach (GI) Disorders
Yale University researchers have determined that artificial intelligence could provide patients with stomach disorders better treatment.
Citadel Launches Zurich Office (And People on the Move)
Hedge fund Citadel is launching a new office in Zurich. The new space will host its marketing-arm, Citadel Securities, according to the firm. This division is one of the world’s top shops for high-frequency trading.
Paying Off Student Loan Debt Most Significant Life Milestone for 35% of Millennials
Millennials valued paying off their student loans even more than buying a house or starting a family. That’s a finding on student loan debt from a survey by personal finance company SoFi of over 1,000 Americans aged from 22 to 35.
Richard Grossman: Preparing for Shareholder Activism On Your M&A Deal
Richard Grossman, a partner in Skadden’s M&A practice, has advice on tackling activist hedge funds during an M&A transaction.
SEC Extends EGC Rule, Modernizes ETF Rules
The SEC announced Wednesday it had adopted new rules that extend the “test-the-waters” accommodation.
Burning Through Cash, WeWork Turns to Goldman
Is WeWork running out of money? According to Bloomberg, WeWork (or We Co.) burning through the green stuff at a torrid pace.
What’s the Matter With Chinese Private Equity?
Chinese private capital dealings slumped dramatically in the first half of the year. A new report from the Emerging Market Private Equity Association reveals startling figures on the state of the Chinese market.
Blackstone Chief Schwarzman: Private Assets Valuations Too High, Bubble-like
Stephen Schwarzman, the co-founder, chairman, and CEO of the Blackstone Group said dot.com like conditions prevailed in the startup industry. He said asset valuations had reached bubble-like proportions and that there could be a painful reckoning of losses from investing in companies such as Uber and WeWork.
GSAM European ETF Ready for Lift Off
The GSAM European ETF is a sign that Goldman Sachs expanding its role on the passive investing craze. Here’s the latest news on the ETF launch on Thursday.
Goldman CEO David Solomon: Time for ESG Investing to Go Mainstream
Goldman CEO David Solomon said that financial institutions need to push ESG investing into the mainstream. During a talk at the Bloomberg Global Business Forum, Solomon encouraged advisers to ramp up conversations with clients about climate change and the associated exposure.
eVestment: August 2019 Redemptions Top $6.5 Billion
August 2019 redemptions from hedge fund hit $6.51 billion for global hedge funds, according to eVestment’s newest asset flows report. The additional outflows drove the total withdraws from hedge funds to negative ($63.61) billion in 2019.
The DailyAlts Playbook – September 26, 2019
THE DAILYALTS PLAYBOOK September 26, 2019 Today, the DailyAlts Playbook talks topics like the wave of activist adventures, the (temporary) end of diversity on the ECB, and why Josh Brown wants Altria Group to vanish from the markets like vaping smoke. PRIME OVERVIEW Good morning, The Dow Jones is up about 51 points today as…
Big-Name Institutional Investors Join Hands for Carbon-Neutral Portfolios by 2050
Announced at the UN Secretary-General’s Climate Action Summit in progress in New York, the Alliance will address climate change and low-carbon portfolios.
REIT CBL & Associates Attracts Activist Investor
Beleaguered mall REIT CBL & Associates Properties (CBL) has attracted an activist investor. Mall REIT CBL & Associates could face pressure in the board room. Noted distressed debt and restructuring investor Michael Ashner has filed a 14D stating that he now owns 5.97% of the REIT. In the filing, Ashner says his firm “purchased the…