Sir Ian Stoutzker, who has died aged 95, was one of Britain’s leading musical philanthropists as a patron of orchestras, conservatoires and young musicians, and as co-founder, with the violinist Yehudi Menuhin, of the charity Live Music Now.
Volatility-linked investment strategies are joining the nascent sell-off in U.S. stocks and could help accelerate declines if market gyrations keep increasing. Volatility control funds - systematic investment strategies that typically buy equities when markets are calm and sell when they grow turbulent - hoovered up stocks as the S&P 500 marched to record highs this year. With the S&P 500 now off more than 4% from those levels and the Cboe Volatility Index near its highest point since October, some of these funds are once again becoming sellers.
Insightful Analysis of United Airlines Holdings Inc's Financial and Strategic Position