Hedge Fund News From HedgeCo.Net

Why Twitter and Facebook are stockpickers’ friends

Telegraph – Derwent Capital Management (DCM), which used to run a hedge fund based on Twitter feeds, said it wanted to “create a community of better informed traders”.

“Social media creates a vast amount of information, and it has been proven that the sentiment derived from it can predict stock market movements,” said Paul Hawtin, DCM’s founder and chief executive.

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