Twitter-Based Hedge Fund Finally Opens For Trading
It has been on our radar since December, and now the world’s first hedge fund that invests based on Twitter sentiment is open for business.
Derwent Capital Markets has finally opened the long-anticipated Twitter fund, or, as they’re calling it, “Europe’s first social media-based Hedge Fund”.
The fund will use the “fear and greed” aspect of financial markets, as determined by what people tweet, in order to make its moves. It will access 10% of Twitter’s firehose to assess whether people’s sentiments are generally positive or negative in order to predict the movement of the stock market.
Although
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