London-based Derwent Capital Markets has rolled out a $100 million social media-based hedge fund, using Twitter feeds to help determine its investments, FINalternatives reports. 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, adds Finextra. Derwent was advised by Dale Gabbert of law firm, Reed Smith, on the launch of the fund, which was originally supposed to launch in February.

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