The investing app Titan promises to provide a low-cost service that lets ordinary traders invest like a hedge-fund client.
After users open an account and deposit money, Titan automatically invests their capital in a basket of 20 stocks. And just like some hedge funds, the app doesn't only go long stocks. It has a hedging function that uses a portion of its clients' capital to bet against the benchmark S&P 500 during downturns, like duringAccording to Titan's website, its strategy was down 7.5% from launch in February 2018 through the end of the year, versus a 6.1% drop in the S&P 500. Through the first two months of 2019, Titan's portfolio is up 15.7%, versus an 11.5% increase in the S&P 500.
Titan requires users to deposit at least $500 to gain access to its research and other services. It charges a 1% annual advisory fee, but no performance fee. By comparison, many passive exchange-traded funds in the US charge
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Source: BusinessInsider - 🏆 729. / 51 Read more »