DeGiro needs cash. The discount broker is investing heavily in marketing. Advertising on TV and internet is expensive, and their balance sheet is apparently running empty. I got the hand on a confidential prospectus on a certain DeGiro offering. Showing more colour on the broker. DeGiro figures
There is a difference between smelling a rat, and catching one. A few weeks ago I noticed the hedgefund HiQ was in the kitchen of online broker DeGiro. Terrible situation, don’t set the fox to watch the geese. Worried about extra risks, in case of a collapse of HiQ. Everything at an abstract level. TodayRead more
Last month HIQ Invest Market Neutral Fund lost an astonishing 12,1%. That’s even worse than the month of March (-8,56%). Losing over 20% in two months is nothing short of a disaster for hedge funds. The results over 2014 haven’t been very positive either (-15,62%). Troubled times ahead for the sister of DeGiro (same owners).Read more
Small post on the sisters HiQ Invest and DeGiro – both independent of each other but having the same parent company. The sinking HiQ First of all the hedge fund HiQ Invest. Founded by some former AOT traders, they received pretty good press after performing nicely in the first few years. Especially while carrying very lowRead more
