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Derwent Unveils $100M Hedge Fund

London-based Derwent Capital Markets has rolled out a $100 million social media-based hedge fund, using Twitter feeds to help determine its investments.

    London-basedDerwent Capital Marketshas rolled out a $100 million social media-based hedge fund, usingTwitterfeeds to help determine its investments,FINalternativesreports. The fund, which will use a proprietary trading model, will be investing in liquid equities and equity indices.

    The firm’s founder,Paul Hawtin, will manage the Cayman Island-based fund, addsFinextra. Derwent was advised byDale Gabbertof law firm,Reed Smith, on the launch of the fund, which was originally supposed to launch in February.

    Click here for the story fromFINalternatives.

    Click here for additional coverage fromFinextra.

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