Japanese Firm Launches Blog-Based Hedge Fund

``A Japanese banker and professor have created the Pluga AI Fund, which uses a web-mining system to track some 20 million blogs written in Japanese. The model, designed by the University of Tokyo's Yutaka Matsuo, seeks out keywords that may affect the Nikkei 225 Index. The fund, which actually predates the still-to-be launched Derwent Capital Markets Twitter fund, invests in Nikkei futures based on Matsuo's algorithm.''