Reuters Money: December 20, 2016

Click to View in Browser Tuesday, December 20, 2016 Would you sell your prized possessions to pay for college? NEW YORK (Reuters) - Just how much would you give up for your children to go to their dream schools? Hedge fund Ardmore shutting, manager moving to Citadel's Aptigon BOSTON (Reuters) - Prominent technology investor Chris Connor is shutting down his hedge fund less than one year after launching it and will be joining Citadel, one of the industry's biggest players, two sources familiar with the move said on Tuesday. CFTC fines Maryland investment firm in fraud case linked to CEO's death NEW YORK (Reuters) - The U.S. Commodity Futures Trading Commission ordered a Washington area wealth management firm to pay $800,000 on Monday in a fraud case involving the firm's chief executive, who apparently committed suicide in 2014. Deutsche Bank could settle U.S. penalty this week: source FRANKFURT/NEW YORK (Reuters) - Deutsche Bank  could this week agree a penalty with the U.S. Department of Justice over the sale of toxic mortgage debt, one person with direct knowledge of the matter said on Monday. U.S. charges Platinum Partners execs with $1 billion fraud NEW YORK (Reuters) - Top executives of New York-based hedge fund manager Platinum Partners were arrested on Monday and charged with running a $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value. Calpers to reduce equity investments by 7 percent over two years (Reuters) - The California Public Employees' Retirement System announced on Monday it will restructure its $300 billion portfolio to invest less in global equity and private equity and more in real assets, inflation and liquidity asset classes. Airbnb seeks to raise an additional $153 million SAN FRANCISCO (Reuters) - Airbnb Inc is looking to raise an additional $153 million as an extension of a recent funding round, boosting its coffers as the company pushes forward with global expansion. Deutsche Bank to pay more than $40 million to settle dark pool cases WASHINGTON (Reuters) - A unit of Deutsche Bank AG conceded that it misled investors and violated securities laws and will pay more than $40 million to settle charges that it misinformed clients about how it routed orders to anonymous trading platforms known as dark pools, regulators said on Friday. Tax accounting software firm Avalara prepares IPO: sources (Reuters) - U.S. tax accounting software company Avalara Inc has interviewed banks to help prepare for an initial public offering (IPO) that could come in 2017 and value the company at roughly $1 billion, people familiar with the matter said on Friday. Fidelity gives BlackRock an early leg up in robo advice brawl BOSTON (Reuters) - Fidelity Investments unintentionally boosted BlackRock Inc's prospects as a robo adviser with a small investment in a start-up company that BlackRock bought last year for an estimated $150 million. Related Video Banks push Wall Street up; Dow brushes against 20,000 Stifel's Lindsey Piegza on the economy and the markets Related News Dollar hits new 14-year high, Dow sets sights on 20,000 Linde, Praxair agree on outline for 50-50 merger Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2016 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook