The market for initial public offerings (IPO) had been giving off warning signals long before this week’s rout in global stocks. The two are connected — and the human investors had a lead over the robot traders. London saw two big IPO disappointments which happened to be divisive stocks with strong bear cases. Online lender Funding Circle Holdings Plc, down ...

Indian retail investors won’t easily forgive their fund managers, nor will they quickly forget this wealth destruction. Out of 416 open-ended, onshore equity funds, 401 have lost money this year. Tech funds, the only ones to have performed decently, have been helped by Asia’s worst-performing currency of 2018. And that’s only because Indian software exporters earn revenues in a strong ...

Bloomberg You could write it off as a fluke in February. When it happened again in March, people got concerned. Now stocks are tumbling a third time in 2018, and investors are starting to sense something has changed. A smattering of 3 percent plunges may not make a bear market, but it sure is a break from the past, which ...