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Instead of heralding a new wave of investor populism, the rise and fall of GameStop’s stock may end up reinforcing what professional investors have known for a long time: Wall Street is very good at making money.
Hedge funds use algorithms to fight back against Redditors Hedge funds are seeking ways to monitor what retail traders are talking about online 29 January 2021 • 5:56pm The explosion of retail trader interest in companies such as GameStop has kickstarted a hedge fund gold rush for algorithms that can scrape sites such as Reddit for stock tips. In recent weeks, day traders have beat hedge funds at their own game by turning to online communities, including the WallStreetBets forum on Reddit, to pile money into 'failing' companies and send the stock price soaring. Hedge funds are now figh...
Hedge Funds Tap Startup to Provide Real-Time Data on WallStreetBets The WallStreetBets forum on the Reddit Inc. website on a laptop computer arranged in Hastings-On-Hudson, New York, U.S., on Friday, Jan. 29, 2021. Photographer: Tiffany Hagler-Geard/Bloomberg via Getty Images January 29, 2021 By Alex Vuocolo The race is on for hedge funds to better understand how social media is moving markets or risk the same fate as the short-sellers who were clobbered by the rally in GameStop shares. One way to get ahead of these trends is to more closely track subreddits such as /WallStreetBets, which ...
Quiver Quantitative, an alternative data platform for retail investors, formally announced the closure of a $525,000 seed round led by Wisconsin’s Idea Fund of La Crosse. What Happened: A popular term amongst investment professionals, alternative data allows investors insight into the... Read More... Don't Miss Any Updates! News Directly in Your Inbox Subscribe to: