HedgeFund
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Goldman Sachs lists Apple at the top for hedge funds holdings
Apple stock is attractive to a wide variety of investors, including those who put their money in hedge funds. According to a Market Folly report, Goldman Sachs released its Q1 2012 Hedge Fund Trend Monitor report and placed Apple's stock at the top of its list. Apple appears on 106 funds that list the stock among its top 10 holdings. Other tech companies on the list from Goldman Sachs include Google in second place and Microsoft at number four.
Hedge fund using Twitter to predict stock prices, OK Cupid to meet girls
For some reason, we weren't surprised when Derwent Capital Markets announced plans to launch a hedge fund in February that will trade based on something called "Twitter sentiment," among other things. The science behind it comes from researchers at the University of Manchester and Indiana University, which maintains that there is a correlation between public mood and the Dow Jones industrial average. Apparently, a calm public seems to indicate that the Dow will go up, while an anxious public indicates that the Dow will go down. And according to Johan Bollen, an associate professor of informatics and computing at IU, Twitter posts can be analyzed and used to judge the public mood -- with a greater than 87 percent accuracy. Hit the source link to see him state his case.
New US LTE network borne of satellite operators, launching next year
Over the next few years we're looking at major LTE build-outs in the US from at least two players -- Verizon and AT&T -- but we've rather unexpectedly gotten a third player coming into the fold today led by hedge fund Harbinger Capital Partners. Basically, these guys just got regulatory approval last week to buy satellite operator SkyTerra, combining about 23MHz of spectrum through slivers of ownership in the 1.4GHz and 1.6GHz terrestrial bands with 10MHz of L-band satellite space. This isn't the kind of network you'll just be able to waltz into a store and sign up for, though; instead, Harbinger is looking to offer it as an end-to-end wholesale service to other providers, of which AT&T and Verizon could be a part if they need the extra capacity or they're looking for a stopgap prior to completing their own build-outs. Interestingly, the terms of the SkyTerra deal specify that the big guys can only account for up to 25 percent of the new network's traffic, so there'll still be plenty of room for other players to get in when the initial commercial launch goes live (or is scheduled to go live, anyway) some time before the third quarter of 2011 covering 9 million potential subscribers. A full-scale launch in all "major" markets is lined up by the second quarter of 2013 -- and thanks to Harbinger's holdings in TerreStar, we could see even more than 23MHz worth of LTE airspace by the time everything's said and done. By comparison, Verizon holds 22MHz of 700MHz spectrum in many markets, so these guys are working with a decent-sized slice of the pie here.
