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He Paid $13 for $13,000 Cartier Earrings, and Then the Jeweler Noticed

He Paid $13 for $13,000 Cartier Earrings, and Then the Jeweler Noticed When Rogelio Villarreal bought rose-gold earrings for a price that the luxury retailer said was a mistake, he looked to a Mexican consumer protection law. He later said the company delivered the earrings. Rogelio Villarreal knew nothing about the French jeweler Cartier, he said, when an ad popped up on his Instagram feed last December. He clicked on it, perusing the pages of bling and other luxury items, including handbags, watches and necklaces, each listed for thousands of dollars. Then Mr. Villareal, who lives in Mexico, noticed a pair of earrings: slender studded 18-carat rose-gold cuffs lined with diamonds, priced at just 237 Mexican pesos, or about $13. "I was amazed to see how much the necklaces cost and so on and I said: 'Someday,' until I saw the earrings," Mr. Villarreal, 27,  wrote on social media . "I swear I broke out in a cold sweat." He bought two pairs. Later, the price fo...
Computer-driven hedge funds that bet on trends in financial markets are enjoying strong returns as bets on soaring cocoa prices and a sinking Japanese yen have borne fruit. Quantitative funds have gained 12 per cent for the year to the end of March, according to an index compiled by Société Générale, with names such as Man Group, Aspect Capital and Winton among those profiting. "We have been trading for 25 years and this was our best first quarter ever," said Razvan Remsing, director of investment solutions at London-based quantitative hedge fund Aspect, which manages $9.4bn in assets. After a more challenging 2023, the first few months of this year have proved to be enormously profitable for trend-following funds, which use algorithms to bet that market trends — either up or down — will persist. British billionaire David Harding's Winton had gained 13 per cent in its diversified macro fund, according to a person who saw the numbers. It bene...