Twitter Turns Out to Be the Best Financial Advisor Around

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Maybe it’s because the financial markets are currently having mild schizophrenic episodes, but the hedge fund that uses Twitter as a guide as to where to invest finished its first month of trading at the end of July, and it not only returned 1.85% in that time, but it also beat the S&P 500 during the same period. In other words: Social media may genuinely be better at reading the financial market than the experts.

In the same period that Derwent made 1.85%, the average hedge fund only returned 0.76%, while the S&P 500 fell 2.2%. Admittedly, one month isn’t necessarily a long enough period to make any sweeping statements, but it’s definitely a strong sign that Derwent Capital, the fund founded by Paul Hawtin back in March, can successfully mine Twitter to predict the market and keep your money safe in the short term. The future has been all about social media for a while, but now it looks as if the futures are going there, too.

MORE: Let Twitter Tell You Where To Invest Your Money

Graeme McMillan is a reporter at TIME. Find him on Twitter at @Graemem or on Facebook at Facebook/Graeme.McMillan. You can also continue the discussion on TIME’s Facebook page and on Twitter at @TIME.

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