AlphaClone helps investors do their homework
AlphaClone, a web site that tracks investments made by prominent hedge funds and money managers, launched today to give other investors the insight they need to make good decisions of their own. Armed with the information found on the site, users should be able to virtually replicate the holdings of more than 230 high-profile funds — and then track their performance against a retinue of indexes and simulations.
For example, as a user, you can see… Continue Reading
Zecco raises $25M to beat crowd on zero-dollar trading
Zecco, the online brokerage that hopes to use social networking to drive traffic, has raised $25 million more in financing.
We wrote in detail about this company’s promise here, concluding that the zero-dollar trading service it offered is here to stay. It has now raised $35 million.
The company, now based in Burlingame, Calif., is growing at a break-neck pace — at least on the employee front: It plans to hire about 65 people by the end… Continue Reading
Zecco gains traction with commission-free trading
Zecco, a company wanting to disrupt America’s online brokerage industry by offering free stock trading to the masses, is making progress.
The company says it is opening a thousand accounts a week, and its growth is accelerating. Yet the company is also facing growing pains, and is in a race to reach critical mass before the big online brokerages drop their trading fees as well.
We first covered Zecco in September, right before its launch.
We wanted… Continue Reading