Reuters US Money

By Carolina Mandl NEW YORK (Reuters) -Portfolio managers at hedge funds have retrenched from some of their riskier positions after a volatile week for markets. A brutal selloff and recovery in global markets in the past week was triggered by the unwinding of billions of dollars worth of yen-funded trades and worries the U.S. economy …

Hedge funds retrench on risk, fearful of increased volatility Read More »

By Aaditya GovindRao (Reuters) – Australian financial stocks are ruling the roost on the traditionally miners-led local main index, fueled by growing interest from equity funds that are wary of the commodity-backed sector due to poor Chinese demand. The financial sub-index, composed chiefly of the biggest lenders in the region, has risen more than 15% …

Investment funds pour into Australian banks; caution on miners Read More »

By Nell Mackenzie LONDON (Reuters) -A wager that stock markets would stay calm has cost retail traders, hedge funds and pension funds billions after a selloff in global stocks, highlighting the risks of piling into a popular bet. The CBOE VIX index, which tracks the stock market’s expectation of volatility based on S&P 500 index …

Traders lose billions on big volatility short after stocks rout Read More »

(This August 1 story has been corrected to fix the percentage of employer contributions to 40% instead of 58%, in paragraph 5) By Mark Miller (Reuters) – When you are saving for retirement in a 401(k) account, the standard advice is to put aside enough to capture your employer’s matching contribution. That makes sense, since …

Are 401(k) matching contributions all they are cracked up to be? Read More »

(Reuters) – Ares Management said on Wednesday it has closed its latest direct lending fund with a capital base of $34 billion, making it the largest in the investment manager’s history. Total equity commitments raised for the fund, which is double the size of its predecessor, stand a little over $15 billion, more than its …

Ares Management closes its latest direct lending fund at record $34 billion Read More »

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Bond investors, expecting the Federal Reserve to hold interest rates steady this week but signal that rate cuts are imminent, are betting that the U.S. Treasury yield curve will become less inverted and eventually return to a normal positive slope. The strategy involves bullish bets on short-dated Treasuries …

Bond investors see ‘dovish hold’ from Fed, pile on yield curve steepeners Read More »

By Chris Taylor NEW YORK (Reuters) – Being an Olympic athlete in the U.S. is not just arduous physically but often financially as well. In fact, 26.5% of high-performance American athletes earn less than $15,000 a year, according to a recent report “Passing the Torch” by the Commission on the State of the U.S. Olympics …

Three financial tips for American Olympians and future athletes Read More »

By Noel Randewich, Carolina Mandl and Stephen Culp (Reuters) – A tumble in the heavyweight stocks that have powered markets higher this year is highlighting Wall Street’s vulnerability to any weakness in the Big Tech trade and causing concerns that over-stretched stocks are in for more turbulence. Disappointing quarterly reports from Tesla and Google-parent Alphabet …

Analysis-Megacap stock selloff shows investor concerns about too much tech Read More »