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Wikipedia

Derwent Capital Markets

Derwent Capital Markets was a British investment company that was a pioneer in the use of social media sentiment analysis to trade financial derivatives.[1][2] Derwent Capital Market's registered office was in London. The fund was quietly liquidated by 2013.[3]

Derwent Capital Markets
Company typeLimited Company
Founded2008 (2008), United Kingdom
FounderPaul Hawtin
Defunct2013 (2013)
FateLiquidated
Headquarters,
Key people
Paul Hawtin - CEO and Founder
ProductsDerwent Absolute Return Fund aka "Twitter Hedge Fund"
Websitewww.derwentcapitalmarkets.com [dead link]

History edit

The company was founded in 2008 by co-owner Paul Hawtin.

In February 2011 Derwent Capital Markets launched a hedge fund using Twitter for investment direction.[4] An academic study by Johan Bollen (Indiana University), Huina Mao (Indiana University), and Xiao-Jun Zeng (University of Manchester) established the connection between emotion-related words appearing in Twitter posts and subsequent movements in the Dow Jones Industrial Average.[5][6]

In May 2013, Paul Hawtin, the Founder of Derwent Capital Markets launched Cayman Atlantic [1], an investment management firm that uses real-time social media data such as Twitter to find valuable trading opportunities.

As of December 2013, the websites for Derwent Capital Markets and Cayman Atlantic no longer function and the companies have been struck off.

References edit

  1. ^ "Derwent Capital Markets".
  2. ^ "Can Twitter predict the stock market?". The Banker. August 1, 2011.
  3. ^ Milnes, Paul. "Whatever Happened to the "Twitter Fund"?". Hedge Think. Retrieved May 1, 2024.
  4. ^ Jordan, Jack (December 22, 2010). "The Hedge Fund Tracked Twitter to Predict Stock Moves". bloomberg.com. Retrieved 2010-12-29.
  5. ^ Johan Bollen; Huina Mao; Xiao-Jun Zeng (2010). "Twitter mood predicts the stock market". Journal of Computational Science. 2: 1–8. arXiv:1010.3003. doi:10.1016/j.jocs.2010.12.007. S2CID 14727513.
  6. ^ "Hedge Fund Will Track Twitter to Predict Stock Moves". Bloomberg. December 23, 2010.
  • Financial Times Article May 2012
  • FT Article on the Twitter Fund

External links edit

  • Einvestment Fund

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