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New Twitter-Based Hedge Fund Beat the Stock Market

nonprofiteer (1906180) writes | about 3 years ago

The Almighty Buck 0

nonprofiteer (1906180) writes "Derwent Capital, a new hedge fund that makes trades and investments based on Twitter sentiment, beat the market--and other hedge funds--in its first full month of trading. From the Atlantic: " Using an algorithm based on the social media mood that day, the hedge fund predicted the market to make the right trades. Sounds unbelievable that something cluttered with mundane musings and media links could have anything smart to say about the market. But it's working so far." Blind luck?"
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