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Hedge Funds Shunning Facebook and Twitter

Advanced Trading – Hedge funds, who are known for keeping a low profile, are almost completely ignoring Facebook and Twitter. Only 1 percent of hedge fund managers use Twitter and none have a wall on Facebook, according to a survey conducted by MHP Communications.

However LinkedIn fared much better, with 79 percent of hedge fund managers surveyed having a presence on the online networking site. MHP, which surveyed 77 hedge fund managers with at least $1 billion in assets under management, said regulatory concerns are the main reason why hedge funds are shunning social networking sites, which have soared in popularity among the general public in recent years.

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