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Monday, March 31, 2014

Reuters Money: U.S. funds raise cash stakes as stock market wobbles

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03/31/2014
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U.S. funds raise cash stakes as stock market wobbles
NEW YORK (Reuters) - U.S.-based fund managers cut their average stock holdings to a five-month low in March and held their highest average position in cash since December, as Russia's move into Crimea spooked global markets, a Reuters poll showed.
European funds cut risks, boost cash to 1-1/2 year high
LONDON (Reuters) - European fund managers lifted cash levels to a 1-1/2 year high in March and cut equity holdings as they shunned riskier assets in response to rising geopolitical tensions and rich valuations, a Reuters survey showed on Monday.
Analysis: Russia sell-off spurs hunt for bargains
NEW YORK (Reuters) - Rising tension between Russia and the West has rattled the country's stock and bond markets, but some big money managers see the turbulence as an opportunity.
Parents get do-over for in-app purchases by kids
(Reuters) - Although Seana Mulcahy considers herself tech savvy, she was thrown a bit when her 8-year-old son Logan not once, but twice, ran up charges using apps downloaded from Apple Inc's online iTunes store.
Cisco rival Arista Networks files for IPO
(Reuters) - Arista Networks Inc, which makes network switches for large data centers, filed for an initial public offering on Monday, the latest in a string of cloud computing firms tapping investor enthusiasm around the technology.
Investors lift cash to 20-month high as volatile quarter ends
LONDON (Reuters) - The world's top investors lifted cash holdings this month to their highest since July 2012 and pruned equities, seeking to cut risk at the end of a volatile quarter, a Reuters poll shows.
Candy Crush brings IPO market back to earth
NEW YORK (Reuters) - In the weeks leading up to the IPO of King Digital Entertainment, the company's bankers scrambled to persuade investors that the maker of popular online game "Candy Crush Saga" was more than a one-trick pony, according to a source familiar with the situation.
Charles Schwab awards 24 percent pay hike to chairman, CEO for 2013
NEW YORK (Reuters) - Charles Schwab Corp awarded its namesake chairman and its chief executive, Walt Bettinger, a pay increase of 23.7 percent last year, the brokerage firm said in a regulatory filing on Friday.
U.S. risk panel to host asset management conference May 19
WASHINGTON (Reuters) - The U.S. risk council will host a May 19 public conference to assess risks asset managers pose to financial markets, as the regulator faces industry efforts to ward off more oversight of large operators.
'Bond King' Gross lagging rivals again in early 2014
(Reuters) - Bill Gross has yet to regain his dominance of the bond market as his Pimco Total Return Fund lagged most of its peers in the first quarter, raising the risk that more money could flee the firm's flagship fund.
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