Comment on Twitter-based hedge fund opens for businessparentComments−joshu15yI would be surprised. There's not a huge amount of trading based on text.−gojomo15yIs that because it has been tried and failed, or do you think there are exploitable opportunities in this area?−joshu15yIt's much harder to do and there's much less history. So there's a lot of effort and relatively little confidence.If you're rentech then you can probably do this but if you're a hedge fund that's JUST doing news/twitter/etc you are probably doomed.BTW, $25m fund is a TINY hedge fund. I've run stuff that big myself (within the context of a much larger platform.)Also if someone brings up the Hathaway thing I shall cry.
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I would be surprised. There's not a huge amount of trading based on text.
Is that because it has been tried and failed, or do you think there are exploitable opportunities in this area?
It's much harder to do and there's much less history. So there's a lot of effort and relatively little confidence.
If you're rentech then you can probably do this but if you're a hedge fund that's JUST doing news/twitter/etc you are probably doomed.
BTW, $25m fund is a TINY hedge fund. I've run stuff that big myself (within the context of a much larger platform.)
Also if someone brings up the Hathaway thing I shall cry.