InvestSmart

Former Citadel Traders Achieve 9% Gain in Hedge Fund Performance by Stabilizing Portfolio Volatility

1 day ago

In a compelling development in the hedge fund industry, two former traders from Citadel have reported that their newly launched hedge fund has achieved a remarkable 9% gain since its inception. This significant growth is attributed to their innovative approach to capping portfolio swings, which has allowed them to manage risk effectively while capitalizing on market opportunities.

Robinhood Sets Sights on Becoming Your Go-To Bank Beyond Meme Stocks

8 days ago

In a significant pivot from its initial reputation as a platform primarily for trading meme stocks, Robinhood is now aiming to establish itself as a comprehensive banking solution. The company has announced ambitious plans to expand its financial product offerings, venturing into areas traditionally dominated by conventional banks.

OCBC Announces Ambitious $1.9 Billion Capital Return Plan Following Profit Shortfall

1 month ago

In a significant financial move, Oversea-Chinese Banking Corporation (OCBC) has unveiled an expansive $1.9 billion capital return strategy. This announcement comes on the heels of the bank reporting a quarterly profit that fell short of market expectations, raising eyebrows and prompting discussions across the financial landscape.

Fidelity Investments Reaches Milestone with $5.9 Trillion in Assets Under Management

1 month ago

In a significant achievement for the financial services industry, Fidelity Investments has reported that its assets have surged to an impressive $5.9 trillion. This remarkable growth comes alongside a record increase in revenue, showcasing Fidelity's resilience and adaptability in an ever-evolving financial landscape.

Malaysia's Ambitious Economic Strategy: Higher Growth and a Stronger Ringgit to Bridge Budget Deficit

6 months ago

In a significant policy move, Malaysia is placing its hopes on robust economic growth and a stronger ringgit in a bid to address its budget gap. The Malaysian government is optimistic about achieving a growth target that could potentially reduce the fiscal deficit and enhance the overall financial stability of the nation.