Today’s linkfest is a bit of a catch-up day from earlier in the week. We will get back to our regularly scheduled programming tomorrow. Cheers!

Quote of the Day

"So basically, we’re all competing inside this feedback loop, where fundamentals may one day be known, and will matter – but in the meantime the game is as much about being ahead of the other guy as it is about being smarter about what the business might look like in a time horizon beyond the lock-up of our AUM."

(Drew Dickson)

Chart of the Day

Allocators love emerging market equities. (via @koyfin)