{"id":21332,"date":"2011-03-21T07:54:13","date_gmt":"2011-03-21T11:54:13","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=21332"},"modified":"2011-03-21T08:29:40","modified_gmt":"2011-03-21T12:29:40","slug":"uk-hedge-find-pays-over-40-million-for-%e2%80%9cthe-twitter-predictor%e2%80%9d","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2011\/uk-hedge-find-pays-over-40-million-for-%e2%80%9cthe-twitter-predictor%e2%80%9d.html","title":{"rendered":"UK Hedge Fund Pays Over $40 Million For \u201cThe Twitter Predictor\u201d"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/03\/twitter-money-graph.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-21333\" title=\"twitter-money-graph\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/03\/twitter-money-graph.jpg\" alt=\"\" width=\"280\" height=\"210\" \/><\/a>New York (HedgeCo.net) &#8211; A London-based hedge fund is investing 25 million pounds ($40.67 million) in the hope that Twitter research can accurately predict the stock market, according to IU campus paper The Indiana Daily Student.<\/p>\n<p>The hedge fund&#8217;s founder, Paul Hawtin has hired Professor Johan Bollen and co-researcher Huina Mao, as private consultants.<\/p>\n<p>&#8220;Bollen found that when looking at mood data extracted from millions of tweets, he could accurately predict the changes in the Dow Jones Industrial Average three to four days later with an astonishing 87.6 percent accuracy.&#8221; The campus paper reported.<\/p>\n<p>Bollen put his research online and there was an almost instant response. \u201cThat same weekend my phone was ringing off the hook,\u201d Bollen said. \u201cColleagues, academics, investors, friends.\u201d<\/p>\n<p>Bollen and Mao may receive up to 35% of the income received from the University\u2019s licensing contract with the hedge fund Derwent Capital Markets.<\/p>\n<p>Editing by Alex Akesson<br \/>\nFor <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; A London-based hedge fund is investing 25 million pounds ($40.67 million) in the hope that Twitter research can accurately predict the stock market, according to IU campus paper The Indiana Daily Student. The hedge fund&#8217;s founder, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[919,3],"tags":[],"class_list":["post-21332","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-research","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=21332"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21332\/revisions"}],"predecessor-version":[{"id":21335,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21332\/revisions\/21335"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=21332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=21332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=21332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}