WITW? a hedge fund based on TWEETS on Twitter - GoFuckYourself.com

$5 submissions · 05-17-2011, 03:00 PM

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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ThatOtherGuy - BANNED FOR LIFE · 05-17-2011, 03:05 PM

Soon There will be software based robots that make more trust worthy hedgefund managers and stock investors with off the hook profit records. What will Wall Street do then?

$5 submissions · 05-17-2011, 03:07 PM

Quote:

Originally Posted by ThatOtherGuy

Soon There will be software based robots that make more trust worthy hedgefund managers and stock investors with off the hook profit records. What will Wall Street do then?

They will probably adapt. That's how things are and should be.

ThatOtherGuy - BANNED FOR LIFE · 05-17-2011, 03:13 PM

Quote:

Originally Posted by $5 submissions

They will probably adapt. That's how things are and should be.

Thats gonna add to unemployment LOL

Rich unemployed guys making hands over fist on speculation.
Maybe they will invest in shit for once.

jimmycooper · 05-17-2011, 05:10 PM

Not that you'd understand the concept of High Frequency Trading, you probably don't even know what a hedge fund is, but Goldman has been using a HFT supercomputer for at least 5 years. Nothing new. Time to try bitching about something else, champ!

marlboroack · 05-17-2011, 05:24 PM

I heard Tweeter was going to start a loan company or something soon. Something those web bots predicted not to long ago.

u-Bob · 05-18-2011, 08:12 AM

Quote:

Originally Posted by ThatOtherGuy

Rich unemployed guys making hands over fist on speculation.

You are aware that speculation is actually beneficial to the economy, right?

Agent 488 · 05-18-2011, 09:58 AM

Quote:

Originally Posted by ThatOtherGuy

Soon There will be software based robots that make more trust worthy hedgefund managers and stock investors with off the hook profit records. What will Wall Street do then?

majority of trades done buy computers now. welcome to 2011.

05-17-2011, 05:10 PM	#5
jimmycooper Confirmed User Industry Role: Join Date: May 2010 Location: Manhattan Posts: 4,016	Not that you'd understand the concept of High Frequency Trading, you probably don't even know what a hedge fund is, but Goldman has been using a HFT supercomputer for at least 5 years. Nothing new. Time to try bitching about something else, champ! __________________

05-17-2011, 03:05 PM	#2
ThatOtherGuy - BANNED FOR LIFE So Fucking Banned Industry Role: Join Date: Apr 2011 Posts: 1,241	Soon There will be software based robots that make more trust worthy hedgefund managers and stock investors with off the hook profit records. What will Wall Street do then?

05-17-2011, 05:24 PM	#6
marlboroack So Fucking Banned Industry Role: Join Date: Jul 2010 Location: ☣ Posts: 9,327	I heard Tweeter was going to start a loan company or something soon. Something those web bots predicted not to long ago.