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Hedge Fund Will Track Twitter to Predict Stock Moves
Oct. 20 (Bloomberg) -- Johan Bollen, an associate professor of informatics and computing at Indiana University, talks with Bloomberg's Lisa Murphy about his research into sentiment on Twitter Inc.'s social-networking site and how that correlates to stock market performance. (Source: Bloomberg)
The Derwent Absolute Return Fund Ltd., set to start trading in February with an initial 25 million pounds ($39 million) under management, will follow posts on the social-networking website. A trading model will highlight when the number of times words on Twitter such as “calm” rise above or below average.
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'Twitter' Hedge Fund Delays Launch
Jan 25 (CNBC) Hedge fund Derwent Capital Markets says it has
delayed the launch of its closely-watched "Twitter" fund due partly to higher-than-anticipated interest from clients—largely the result of international media attention the small eight-person boutique investment firm has received in recent weeks.
Derwent originally planned a February launch date for its
Absolute Return Fund, which
will base its holdings and strategy on data mined from Twitter, but it is now targeting a more realistic April 1 timetable. Between now and then, the fund will make changes to its custodial operations and
look to engage in additional fundraising.
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