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Hedge Funds Shunning Facebook and Twitter

Only 1 percent of hedge fund managers use Twitter and none are on Facebook, according to a survey conducted by MHP Communications.

Hedge funds, who are known for keeping a low profile, are almost completely ignoring Facebook and Twitter. Only 1 percent of hedge fund managers use Twitter and none have a wall on Facebook, according to a survey conducted by MHP Communications.

However LinkedIn fared much better, with 79 percent of hedge fund managers surveyed having a presence on the online networking site. MHP, which surveyed 77 hedge fund managers with at least $1 billion in assets under management, said regulatory concerns are the main reason why hedge funds are shunning social networking sites, which have soared in popularity among the general public in recent years.

"The findings did not surprise us. Historically, hedge fund managers have deliberately kept a low profile and managed their reputations accordingly," said Martin Forrest, who authored the MHP Survey 2011. "They are extremely concerned about the regulatory implications of social media. As such, adoption of social media is extremely low."

But Forrest said the research revealed that social media is the communications channel of choice for the technology experts who are in high demand among quantitative funds. Hedge fund stakeholders are also engaging in social media, he added.

Meanwhile the three asset managers with the most employees on LinkedIn, MHP said, are Citadel Investment Group with 1,107; Man Investments with 911; and Bridgewater Associates with 856.

As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio

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