'Twitter' Hedge Fund Has Positive Returns in Early Market Turmoil – CNBC

I wanted to share the article below as the fund was partially funded by Indiana University research.

From the article: Run by Paul Hawtin, the fund (started with about £25 million, or about $40 million, in seed capital) uses data gathered from millions of daily tweets from the social networking site Twitter to help it gauge the collective mood of the market. The fund was founded based on Indiana University research, which showed that mood states mined from various tweets can collectively predict swings in the Dow Jones Industrials Average with near-90 percent accuracy.

 

‘Twitter’ Hedge Fund Has Positive Returns in Early Market Turmoil – CNBC.