Media News

FT: Biz journalists teaming up with investors to trade on news

A group of veteran U.S. financial journalists is teaming up with investors to launch a trading firm that is designed to trade on market-moving news unearthed by its own investigative reporting, reports the Financial Times.

 and  of the FT report, “Matt Murray, the former editor-in-chief of The Wall Street Journal, is acting as an adviser through his role with Outside the Box Investments, one of the company’s investors. Hunterbrook and Murray declined to comment.

“In an early message to potential investors, seen by the Financial Times, Horwitz said the investment fund would get ‘unique access’ to articles before they are published. ‘Rather than try to predict or react to events, we time trades on news we break ourselves,’ he wrote, styling the venture as ‘the first trading fund driven by a global publication.’

“The reporting team — which Horwitz’s email said would include journalists from the WSJ, BBC and Barron’s as well as ‘intel analysts’ — aims to publish market-moving investigative pieces ‘like Bloomberg,’ but with no advertisements or subscription paywall.

“The fund would trade stocks, options, currencies, commodities and other assets, Horwitz told potential backers.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

Recent Posts

Is this the end of CoinDesk as we know it?

Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…

1 hour ago

LinkedIn finance editor Singh departs

Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…

1 day ago

Washington Post announces start of third newsroom

Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…

2 days ago

FT hires Moens to cover competition and tech in Brussels

The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…

2 days ago

Deputy tech editor Haselton departs CNBC for The Verge

CNBC.com deputy technology editor Todd Haselton is leaving the news organization for a job at The Verge.…

2 days ago

“Power Lunch” co-anchor Tyler Mathisen is leaving CNBC

Note from CNBC Business News senior vice president Dan Colarusso: After more than 27 years…

2 days ago