Reuters - Money

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Monday, February 12, 2018

Data overload: commodity hedge funds close as computers dominate

LONDON (Reuters) - "Chocfinger" made his name and his money by taking bold bets on cocoa markets. But after nearly four decades of trading, sometimes winning, sometimes losing, Anthony Ward threw in the towel.

Bond vigilantes awaken counterparts in the stock market

NEW YORK (Reuters) - Bond vigilantes could be finding allies in the stock market.

U.S. stock market chill threatens to 'put IPOs on ice'

NEW YORK (Reuters) - Wide swings in the U.S. stock market has blunted initial public offering (IPO) activity on Wall Street in what was set to be the busiest week for new listings in more than two-and-a-half years.

After the tax cut, which employee perks are best?

NEW YORK (Reuters) - If you were choosing from a menu, which would you pick: a $1,000 bonus, an extra percentage point match on your 401(k) or higher pay?

Investor files lawsuit over U.S. LJM fund that lost most of its value

NEW YORK (Reuters) - An investor on Friday filed a lawsuit against managers of a U.S. mutual fund that relied heavily on a strategy that profits from calm markets but lost four-fifths of its value in turmoil this week.

Fidelity restricts clients from buying 'fear gauge' ETF

BOSTON/NEW YORK (Reuters) - Fidelity Investments on Friday told clients they could not buy shares in an exchange-traded fund that bets on the direction of Wall Street's "fear gauge," after the product was sideswiped by a selloff in stocks and lost 90 percent of its value this week.

Ways to ease social media's strain on your wallet

NEW YORK (Reuters) - Jessica Jones, 26, jokes that when she wants to spend more money, she goes on Instagram.

Former Credit Suisse 'star' gets five years in jail for fraud

GENEVA (Reuters) - Former Credit Suisse wealth manager Patrice Lescaudron was sentenced to five years in prison by a Geneva court on Friday for abusing the trust of clients and creating a fraudulent scheme that made him tens of millions of Swiss francs.

Mom-and-pop investors undeterred by wild U.S. stock market

NEW YORK (Reuters) - As the U.S. stock market suffered its worst selloff in more than six years on Monday, Richmond, Virginia-based financial adviser Jamie Cox started preparing for a flood of client calls that never came.

U.S. fund that lost most of its value shuts doors to new investment

NEW YORK (Reuters) - A U.S. mutual fund that relied heavily on a strategy that profits from calm markets has shut its doors to new investment after losing more than four-fifths of its value in recent market turmoil, filings showed on Thursday.