How to Start a Hedge Fund in Canada

Hedge funds allow portfolio managers to pool investors’ money. But unlike traditional businesses, hedge fund managers are allowed to use riskier investment strategies that are not allowed for mutual funds, including short selling, increasing leverage, derivatives, distressed assets and high yield bonds. Hedge funds also charge somewhat high management fees, the most common being known…

Robinhood Slashes Jobs

Shares of Robinhood Markets (HOOD) fell 2% after the company released its results a day earlier than expected and announced it would cut 23% of its workforce. The job cuts mark the second round of layoffs for the brokerage as the company continues to be criticized for a sharp slowdown in client business activity. Robinhood’s…

Crypto trader doubles portfolio in a month betting against Jim Cramer

Twitter-famous crypto trader AIgod has brought a smile to the community after announcing he’s doubled his “Inverse Cramer” portfolio in just a month by “simply” inverse trading against CNBC’s Mad Money host Jim Cramer. In his latest tweet on Monday, the trader, who became famous on Twitter for pre-empting the fall of Terra’s collapse earlier…

The City Economic Recovery Tracker: Week of January 4

Editor’s Note: Below is the Week 4 version of the City Economic Recovery Tracker (CERT), originally released on January 8, 2021. Visit the CERT homepage for the latest data. The economic recovery of the five cities in Investopedia’s City Economic Recovery Tracker (CERT) was mixed during the week of December 26. Houston, Chicago and Columbus…

Telegram founder suggests ‘NFT-like smart contracts’ to auction usernames

Pavel Durov, the founder of encrypted messaging application Telegram, has floated the idea of a marketplace that could utilize “NFT-like smart contracts” to auction highly-sought after usernames. Durov made the suggestion after the “success” of domain name auctions by The Open Network (TON), a layer-1 blockchain originally designed by the Telegram team. The blockchain project…