While LinkedIn group and Community forum aren't meant to be duplicates, I'd like to post here a theme discussed within the LinkedIn group, as a little gift and follow-up related to the LinkedIn group creation.
A special thanks to @juancolonbo @javicolonbo @ignacio for their kind encouragement and support for DarwinexIn group !
The subject matter concerns all the upcoming actors that intend to use HFAAS feature as their main argument/service (and compete with Darwinex as a consequence).
While I haven't yet a Darwinex Destrier (neither a Darwinex Owl ), I intend to monitor/track any bit of information surrounding the HFAAS feature.
Darwinex wannabes (HFAAS feature)
As I'm a fervent admirer of Darwinex HFAAS feature, I monitor/track this element, worldwide.
I got confirmation that inVisement will launch its "Hedge Fund As A Service" service, within a few days.
While it seemed an abandonware, it seems alive and ready :
https://invisement.com/about.html (Update 09/02/2019 : home page seems unavailable)
I'm not defining it as a concurrent, but perhaps Darwinex team ( Javier Colón ) should at least check out what's going on.
The ones with dev/code skills should take a look at their GitHub to sort it out : https://github.com/inVisement/
Let’s continue with the HFAAS series.
I’d like to warn you about a newcomer into the market, that seems suspicious :
Recently registered in December 2018.
The team :
The website smells fishy. And not for being incomplete… just due to many red flags.
Meanwhile, the team refers to renowned LinkedIn profiles.
Based on my own experience, such discrepancy (fishy website with renowned profiles) can only be explained by two options :
1. Scammers misusing renowned profiles
2. Renowned profiles scamming thanks to their credibility
(I don’t know which is worst…)
So, I decided to contact them directly to clarify matters.
While I was gathering technical details confirming that it is indeed their website, I got the final red flag :
Neither of them answers to my questions/messages while I could confirm they are active (and so have seen my requests).
So…. it seems that we are facing with the option 2 of the above list…
I’d complete with :
Not only they want to use their « credibility » for such project, but, furthermore, they seem planning to misuse the name « QuantDesk » belonging to Lucena Research (https://lucenaresearch.com/)
A bit early to draw conclusions but beware of it.
Let start the week with a newcomer to HFAAS series.
Finagic (https://www.finagic.com/) presents itself as "AI and Machine Learning based "Hedge Fund as a Service"".
While due diligence phase is still in progress, some details already raised some flags, whether from its team or from its gaudy claims as :
"We’re excited to give our customers a completely new platform to make smart investment decisions. No one has done anything like this before."
I'll spare you the presentation video (https://lnkd.in/es5e-Jz).
But, let's wait and see.
Adroit Trading Technologies
Let me add Adroit Trading Technologies (https://www.adroit-tt.com/) to the HFAAS series. While it's not directly correlated to such feature, it's an (indirect) actor to consider.
Very few information about it... So, I decided to contact them and they never replied... Flag raised.
I wanted them to argue their own claim :
"The First OTC Trading Platform for the Buy-Side"
Due diligence led me to find that they initially registered the company with the name... "Hedge Fund As A Service" :)...
Any specific conclusion, just adding it to the HFAAS series.
Let's continue the HFAAS series with Collective2 (Thanks @EvidenceAlpha for the suggestion !).
Collective2 (aka "C2") seems to be (compared to previous brands mentioned here) a real alternative to Darwinex.
I haven't dug too much the research because it clearly is a known company. But, why focus on them, and not on more known as ZuluTrade and MetaQuotes Software, for instance ?
Because of their new "marketing" process, as noted by @EvidenceAlpha, tending more towards a Darwinex-like approach.
So, let's take a quick look at them :
"Collective2 was founded in 2001. Our mission is to replace the entire hedge fund industry. (The cure for polio and the moon landing having already been taken, alas.)"
I have sense of humor but such approach isn't a professional one....
There are pricing plans (https://lnkd.in/dJZ55MP) because.... Traders and investors pay monthly fees... besides the strategies subscriptions fees from which C2 grabs a bite :
"You choose how much to charge monthly for access to the trade signals from your strategy and then keep 50% of the monthly subscription."
It just seems totally prohibitive...
To take a look at the strategies without an account :