Florida wealth adviser 'Dr. Cash' hit with fraud charges

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Reuters Money Make sense of the market.       Tweet       Share Florida wealth adviser 'Dr. Cash' hit with fraud charges The U.S. Justice Department on Tuesday charged a Florida-based wealth adviser, a convicted felon using the name Dr. Terrence Cash, with fraudulently inducing individuals to invest in his "Greenlight"-branded wealth management businesses. Crispin Odey steps back from running hedge fund firm Crispin Odey is to step back from running his London-based hedge fund firm as part of an overhaul of the group and instead focus on managing money for clients, the firm said on Tuesday. DoubleLine's Gundlach says he's bearish on long bonds Jeffrey Gundlach, the billionaire chief executive of DoubleLine investment firm, said in a pre-election webcast on Monday that he is bearish on long-dated bonds like the 30-year Treasury. Hedge funds raise Canadian energy shorts ahead of U.S. election Hedge funds upped bets against Canadian energy companies in the run-up to Tuesday's U.S. presidential election, regulatory filings reviewed by Reuters showed. Labor Department finalizes U.S. rule curbing sustainable investing by pension funds The U.S. Department of Labor on Friday finalized a rule clarifying that pension fund managers must put retirees' financial interests first when allocating investments, rather than other concerns such as climate change or racial justice. Jittery Wall Street banks 'war game' the election with drills, client calls, special pollsters Large Wall Street banks have been running "war game" drills in their trading businesses and preparing clients for unexpected scenarios around the U.S. election next week, hoping to avoid liquidity crunches or technical errors as markets react to news of who will be running the White House and Congress, industry sources said. Analysis: Dueling pre-election bets playing out in U.S. Treasury market The $20 trillion U.S. Treasury market is showing signs of life after months of sleepy trading, as opposing bets on how the economy will perform clash amid fresh worries over COVID-19 and jitters over Tuesday's presidential election. Exclusive: Goldman money funds' liquidity buffer swells before U.S. election Two Goldman Sachs Group Inc money-market funds, whipsawed in March by billions of dollars of investor withdrawals, have steadily amassed a liquidity cushion much larger than rivals, as the $4.35 trillion industry braces for the outcome of the U.S. presidential election and another global surge in coronavirus cases. Related Videos Gulf markets muted on Biden win Business Google, Walmart hit by India's digital payments limit Business Introducing the all-new Reuters News app The new Reuters News app is here, redesigned from the ground up to fit your busy life. Get it now on iOS Your world. Your news. More Newsletters Get Reuters News App Get Reuters TV App               © 2020 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Email Preferences    |   Privacy Policy    |   Terms and Conditions