Twitter Hedge Fund Is Making More Money Than You
All you investors with your crazy research and economic “theories”: You should just be reading Twitter! Derwent Capital, a hedge fund that bases its investment strategy on Twitter data, outperformed the market in its first month.
According to eFinancialnews:
Derwent Capital, which finished its first month of trading at the end of July, beat the S&P 500 which fell 2.2% in July, while the average hedge fund made 0.76%, according to Hedge Fund Research.
How does Derwent work? It invests in whatever Justin Bieber tweets about that day.
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Allen LaRose 