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Quote of the Day
"The prospects for private assets and hedge funds aren’t likely to improve, at least not soon. Trillions of dollars are chasing those strategies. Private equity valuations are stretched. Capitalization rates for real estate are at historic lows. Hedge funds are struggling to find compelling trades."
(Nir Kaissar)
Strategy
- Is the bond market 'the smart money' or is it manipulated by the Fed? It can't be both. (awealthofcommonsense.com)
- There is a big difference between a valuation and a projection. (aswathdamodaran.blogspot.com)
- How perceptions of fail safes can affect our willingness to take on too much risk. (thefinancialbodyguard.com)
Crypto
- The big banks are pushing ahead with utility settlement coins. (ft.com)
- The SEC is suing Kik over its 2017 ICO. (coindesk.com)
IPOs
Apple
- A summary of everyhting Apple ($AAPL) announced at WWDC. (digg.com)
- How "Sign in with Apple" is both a privacy boon and competitive weapon. (fastcompany.com)
- Farewell, iTunes. You helped bridge music from one era to the next. (nytimes.com)
- The new Apple Mac Pro is the equivalent of super car. (theverge.com)
Finance
Private equity
- Institutional investors can't get enough private equity. (institutionalinvestor.com)
- Research shows that smaller private equity funds outperform mega-funds, with a dollop of additional risk. (institutionalinvestor.com)
Funds
- Fidelity now has 500+ commission-free ETFs available to trade. (fa-mag.com)
- Very few liquid alt funds have done much to improve portfolio performance. (morningstar.com)
- Why stories of famous fund managers blowing up shouldn't be surprising any more. (evidenceinvestor.com)
Global
Economy
- Sentiment matters when it comes to the economy. (fattailedandhappy.com)
- If you are looking for an overleveraged sector in the US economy, look at farms. (ft.com)
Earlier on Abnormal Returns
- Research links: skewed commodity returns. (abnormalreturns.com)
- In today's Market Moment, in 1968 the S&P 500 topped 100 for the first time in history. Unfortunately the good time would not roll on. (shows.pippa.io)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: free flow of information. (abnormalreturns.com)
