Apr 6, 2018

Investors bet on volatility

Axios

Photo by Bryan R. Smith / AFP via Getty Images

"Now that stocks, bonds and other assets are moving in strange ways, many investors view continued volatility as one of the year’s most dependable bets," the Wall Street Journal reports on A1:

  • "The Cboe index, known as the VIX, is up 72% since the start of the year."
  • Hedge funds and asset managers are "buying futures contracts pegged to the VIX, a profitable bet if volatility continues to rise."
  • Goldman Sachs wrote in an April 2 report: "Hedge what you fear."

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George Zimmerman sues Buttigieg and Warren for $265M

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George Zimmerman filed a lawsuit in Polk County, Fla., seeking $265 million in damages from Democratic presidential candidates Pete Buttigieg and Elizabeth Warren, accusing them of defaming him to "garner votes in the black community."

Context: Neither the Massachusetts senator nor the former Southbend mayor tweeted his name in the Feb. 5 posts on what would've been the 25th birthday of Trayvon Martin, the unarmed black teen Zimmerman fatally shot in 2012. But Zimmerman alleges they "acted with actual malice" to defame him.

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