1 posts tagged with toomuchmoney.
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And somehow they came up with £25M
As a followup to this October FPP - Researchers claim Tweets predict The Dow - earlier this week Derwent Capital Markets announced they're forming a hedge fund and have raised £25M to trade the strategy outlined in the paper [ . pdf ] authored by Bollen, Mao & Zeng, hiring at least one of the researchers as part of the deal. No word on whether or not they'll use their twitter feed to announce trades as they occur, or performance after the fact - as they do with their dummy accounts.
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