Friday, 27 March 2015
Last updated 23 min ago
Jul 12 2013 | 9:00am ET
Paul Hawtin is taking another stab at social media-based trading.
Hawtin, the man behind the "Twitter Fund" and Derwent Capital Markets is now launching Cayman Atlantic, which will focus on Twitter and Facebook to gauge sentiment about companies and other trading opportunities.
Hawtin told CNN Cayman is structured differently than his previous efforts, as managed trading accounts rather than a fund, offering improved liquidity and better analytics technology.
Cayman's proprietary technology uses filters and algorithms to scan 400 million tweets daily, boiling the information down to roughly five key tweets based on which the firm will trade global equities or commodities.
"We are trying to detect events that are breaking out on Twitter before the press, the media and the world are hearing about it," Hawtin told CNN.
Hawtin is targeting 12% annual returns and said over the 11 months he's been modeling the strategy it has returned 18%. The minimum investment is $150,000 to open an account. The fund expects to be approved to trade by the Cayman Islands Monetary Authority later this month.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…