Latest News
Top Story
Elon Musk’s artificial intelligence startup, xAI, aims to secure $1 billion in equity financing to compete with industry leaders such as OpenAI, Microsoft, and Google. The company, co-founded by Musk, has already garnered $135 million from investors, as revealed in a filing with the US Securities and Exchange Commission.
Get Daily Updates
Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.
More Stories on Latest News
People on the Move – Rivendell Partners, Revolut,iCapital Network, and Gide Loyrette Nouel
Rivendell Partners, Revolut, Alpha FMC, iCapital Network, and Gide Loyrette Nouel People on the Move – September 3, 2019 Revolut has faced pressure in recent months due to its customer service and compliance limitations. The banking startup continues to expand at a breakneck pace (more than 6 million users since its 2015 launch). Now, after…
CFA Results for 2019 Show Drop in Performance
Roughly 20% of test-takers didn’t even show up in June CFA results are out from June’s annual testing, and the numbers are… The CFA Institute said that the percentage of test-takers who passed fell. It appears that the goal of expanding test access to new markets may have been responsible. The CFA I test is…
M&A Deal News – August 15, 2019
A merger in media, antitrust busts, a REIT sells two hotels… and more M&A deal news M&A deal news from around the globe. Each day, we focus on deals in the private equity, real estate, AI and tech, and others impacting the alternative investment space. Here’s our recap for Thursday morning. First, Summer Redstone’s entertainment…
SEC Chief Who Investigated ICO Fraud Departs after 15 Years
The SEC loses a key leader with cryptocurrency prices and ICO fraud back in the headlines A leading investigator of ICO fraud will depart as head of the SEC’s cyber enforcement division in August. Robert A. Cohen departs his role at the Division of Enforcement’s Cyber Unit after 15 years of service. Cohen was the…
Hoplite Capital to Shut Its Doors After 16 Years
The announcement came in a letter to shareholders after lackluster returns. John Lykouretzos will shutter Hoplite Capital and return capital to investors. The hedge fund manager addressed his decision in a letter to shareholders this week. “I have decided to close the Hoplite managed funds and return third-party capital as soon as possible,” he wrote….
Maarten Petermann to launch $500 million special situations fund
Petermann’s last-held position at JPM, that of European head of special situations, should be valuable experience when he runs his proposed Merlyn Advisors fund.
Merlyn is targeting $500 million in assets when it commences trading, with deployment across special situations such as M&A, spinoffs, and bankruptcies.
Why This Hedge Fund is Betting on Climate Change
Robert Gibbins’ Autonomy Capital thinks investors are ignoring the implications of climate change at their own peril