September 22, 2006
Hedge Funds To Monitor Blogs, Gossip
They take even gossip seriously, these hedge funds. It now transpires that market gossip is going to take on a more high-tech form thanks to a new automated system that will trawl through more than 40m Internet sources – from blogs (that’s us, guys!) to regulatory filings. Called Monitor110, the platform, which is being run by a former Deutsche bank executive, is due for an official launch in the first half of 2007. At present, ten hedge funds are trying out the system.
The platform’s main duty is to act as an aggregator and a filter for hedge funds. This will help the funds keep up with the information overkill on the Internet. And they will go through blogs as well.
--
Did you enjoy this post?
Comments
Post a comment
« SEC At It Again, Tightens Hedge Fund Scrutiny | Main | 'Insider Trading' Troubles SEC »
Recent Comments