Thread: WITW? a hedge fund based on TWEETS on Twitter
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Old 05-17-2011, 03:00 PM  
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WITW? a hedge fund based on TWEETS on Twitter
Should be interesting to see how this one pans out. Chumps for Tweet-based pump and dumps?

http://mashable.com/2011/05/17/twitt...ed-hedge-fund/

Quote:
Derwent Capital Markets, a London investment firm that has long been touting itself as the first social media-based hedge fund, has opened its doors.

The £25 milllion ($40.5 milion) hedge fund is basing investments on an analysis of 10% of the 10 million tweets sent daily. The firm applies trading algorithms and sentiment analysis to those tweets before making its bets



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