Reuters - Money

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Wednesday, January 10, 2018

DoubleLine's Gundlach predicts S&P will post negative return in 2018

NEW YORK (Reuters) - While U.S. stocks are now in an "accelerating phase," billionaire investor Jeffrey Gundlach is predicting that the S&P 500 will post a negative rate of return in 2018.

Road to bitcoin ETF paved with red tape

NEW YORK (Reuters) - The going is getting tough for U.S. companies hoping to win the race to bring a bitcoin exchange-traded fund to market.

Massachusetts hedge fund manager pleads guilty to fraud

BOSTON (Reuters) - A Massachusetts hedge fund manager pleaded guilty on Tuesday after prosecutors accused him of misusing millions of dollars from investors to pay for lavish personal expenses like a sports car and to engage in a Ponzi-like scheme.

Julius Baer buys remaining 20 percent in Kairos for 96 million euros

ZURICH (Reuters) - Swiss private bank Julius Baer said on Tuesday it bought the 20 percent in Italian wealth management firm Kairos Investment Management SpA it did not already own for 96 million euros ($114 million).

History Lessons: First jobs of famous historians

NEW YORK (Reuters) - (This January 4 story has been refiled to remove reference to the Model Cities Program in the fifth paragraph, because this was not the program Drew Gilpin Faust worked for at the time.)

Some hedge funds deliver double-digit gains for 2017

BOSTON (Reuters) - A handful of hedge funds ended 2017 with double digit returns, their investors said, at a time the $3 trillion industry took in fresh money and posted its best returns in years, industry data show.

Rising tide in U.S. markets helps bonds, global stocks

NEW YORK (Reuters) - Investors sitting on U.S. stock returns need a place to put the money, and the big winners are international markets and high-rated debt issuers from corporations to governments.

Bargain Bin: ETFs for value hunters

NEW YORK (Reuters) - Think of the stock market right now as a high-school cafeteria. The most popular kids in school are growth investors, high-fiving and riding a multi-year bull run.

Column: For U.S. retirees, rising interest rates a double-edged sword

CHICAGO (Reuters) - U.S. interest rates finally are on the rise after a decade stuck near zero - and that should be good news for retirees who need yield on safe investments like certificates of deposit and money market accounts.