A group of veteran US 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.
The business, founded by investor Nathaniel Brooks Horwitz and writer Sam Koppelman, would comprise two entities: a trading fund and a group of analysts and journalists producing stories based on publicly available material, according to several people familiar with the matter.
The fund would place trades before articles were published, and then publish its research and trading thesis, they said, but would not trade on information that was not publicly available.
Source: US media veterans back new trading firm with financial news arm
