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Hedge Fund Performance Update: August 2019 (Preqin.com) Amid growing fears of a worldwide market decline, the Preqin All-Strategies Hedge Fund benchmark lost 0.61% in August, pushing the 2019 YTD return down to +7.67%. CTAs gained 2.94% for the month to become the best performing fund type for...

Amazon doubles down on a ‘new’ payment method for online purchases: Cash Amazon -- the e-commerce giant better known forpatentinga way for customers to pay online with a single, frictionless click -- is now investing in a different checkout option in the US: cold hard cash. It’s called Amazon...

'I got the guy!' My 17-year manhunt for a $50m art criminal For years, documentary-maker Vanessa Engle has been on the trail of a notorious swindler who escaped from prison and disappeared into thin air. Then one day, the phone rang ... Sam Wollaston @samwollaston Tue 17 Sep 2019 07.04...

"Choose to appreciate the little things in life and see how big your life becomes." - Abigail Doolittle (@TheChartress)

“Be kind, for everyone you meet is fighting a hard battle.” - Philo

“God grant me serenity to accept the things I cannot change, courage to change the things I can and wisdom to know the difference.” - The Serenity Prayer

Wells Fargo makes it official: Big banks are getting in on cryptocurrency Wells Fargo just announced it willlauncha US dollar-linked stablecoin, making it the latest financial titan to get in on cryptocurrency. Now, a cyberpunk concept has really gone corporate Wells Fargo Digital Cash --...

Did a Jewish holiday kill the WeWork IPO? WeWork’s parent company, the We Company, has postponed its IPO -- which was expected next week -- until October or later. There are a number of reasons for the delay: After losing $1.37B in the first half of the year and coming under fire forshady...

FedEx Outlook FedEx expects a 16%-29% fall in EPS during the current fiscal year, thanks to the costs of expansion, the general economic malaise, and a drop in revenue associated with its cutting of ties with Amazon. FedEx's fiscal first-quarter profits were down 11%, with its Express unit...

Hedge Funds Up 0.17 per cent in August, Says Eurekahedge (HedgeWeek.com) The Eurekahedge Hedge Fund Index was up 0.17 per cent in August, bringing its year-to-date return to 6.58 per cent. Roughly 32.6 per cent of the hedge fund managers comprising the index have recorded double-digit gains over...

‘This Is Not the Way Everybody Behaves.’ How Adam Neumann’s Over-the-Top Style Built WeWork. The skills that helped fuel We Co.’s breakneck growth are piling up as potential liabilities as the company prepares to go public By Eliot Brown Sept. 18, 2019 12:23 Adam Neumann was flying...

"When you feel like giving up, double down. That’s how real dreams come true." - Abigail Doolittle (@TheChartress)

Hope to visit Longyearbyen sometime soon, I was told Madrid winters can be brutal...

https://nypost.com/2019/09/17/oregon-man-who-beat-cancer-twice-wins-4-6m-lotto-jackpot/

If He Drinks White Claw and Wears a Fleece Vest, He Might Just Be a Finmeme Influencer Photo-illustration by II Inside the hugely popular world of Wall Street Instagram. By Alicia McElhaney September 16, 2019 In the fall of 2017, a young credit analyst sat in a New York bar after a long day...

The rent is too damn high... So some SF businesses are buying their own buildings Earlier this week, Bay Area Rapid Transit (BART), the screechy public transit system that serves the San Francisco metro area,announceda $227m plan to buy an office building of its own rather than pay a 60% rent...

The UAW’s first strike in more than a decade could cost GM $100m a day Yesterday, 46k members of the United Automobile Workers (UAW) unionwent on strikeat General Motors. It’s the first UAW walkout since 2007, and it could have a big impact -- both on GM and its partners. Here’s what you should...

"lie is sweet at the beginning, and bitter at the end, truth is bitter at the beginning, but sweet at the end." - Buddha

“Anything’s possible if you’ve got enough nerve.” - J. K. Rowling

"Always choose to be kind. It’s as much a gift to yourself as it is to others." - Abigail Doolittle (@TheChartress)