Man Group Has a Message for Reddit Rookies: We’re Watching You
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The world’s largest publicly-listed hedge fund has decided that the Reddit mob is now too influential to be ignored.
Man Group Plc, known for its computer-driven quant funds, has built a system to track hot topics on the website’s WallStreetBets forum, according to Chief Executive Officer Luke Ellis. Managers receive a daily report on names being discussed on the site that hosted the hordes of retail investors behind the recent short squeeze on GameStop Corp.