Russia Bond Sales Fail as Ruble to Micex Drop on Ukraine Tension #bond #russia

Russia scrapped bond sales for the seventh time in eight weeks as investors demanded higher yields after the U.S. said the country wasn’t taking steps to de-escalate the crisis in Ukraine.

The Finance Ministry canceled the sale of as much as 10 billion rubles ($280 million) of nine-year ruble securities and the same amount of five-year notes because there were no bids at acceptable prices, according to a statement on its website. The Micex Index (INDEXCF) of equities declined for a third day Russia’s benchmark bonds dropped.

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$40 Million Twitter-Based Hedge Fund Now Open for Business #twitter #hedgefund

Derwent Capital Markets, a London investment firm that has long been touting itself as the first social media-based hedge fund, has opened its doors.

The £25 milllion ($40.5 milion) hedge fund is basing investments on an analysis of 10% of the 10 million tweets sent daily. The firm applies trading algorithms and sentiment analysis to those tweets before making its bets. (We’ve written about why social media analysis makes financial sense.)

Derwent may be the first boutique investment firm to take this approach, but the idea of using information gleaned from social networks as a stock market predictor isn’t new. StockTwits, for instance, is a popular third-party Twitter app that provides a forum to discuss investment-related matters. Others in the space include and Covestor.

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