Hedge funds get clobbered by fall in tech stocks
CNBC
Hedge funds continued to be burned in April by volatility in tech and other stocks following losses in March.
shared by @JacobWolinsky, @SimoneFoxman, @FGoria, @NicTrades
 

BlackRock chief Larry Fink says tech rout driven by hedge funds
Financial Times
The rout in technology shares and gyrations in emerging markets have been driven by hedge funds rather than long-term investors, according to the head of the world’s largest asset manager.
shared by @hedge_funds, @davidweidner
 

The End of Our Financial Illusions
New York Times
Much progress has been made on overseeing the largest banks, but a good deal more must be done to toughen standards and end government subsidies, an economist writes.
shared by @anatadmati, @MarkThoma, @ThemisSal, @Kiffmeister
 

U.S. Said to Warn Money Managers of More Russia Sanctions
Bloomberg
The Obama administration told asset managers last week that it was planning additional sanctions against Russia over the conflict in Ukraine.
shared by @firstadopter, @edwardnh, @FGoria, @Dvolatility, @cafreeland
 

Morgan Stanley and Goldman Sachs Adjust to New Banking Climate
New York Times
Morgan Stanley’s solid first quarter provides evidence that it has adapted better to a stricter regulatory environment than rivals like Goldman Sachs, which reported an earnings decline.
shared by @LaurenLaCapra, Crossing Wall Street, @MattGoldstein26
 

Suburbs Try to Prevent an Exodus as Young Adults Move to Cities and Stay
New York Times
A report found that counties like Westchester, Nassau and Suffolk faced tough competition from New York City for young people, perhaps because of less diversity and a dearth of modest rentals.
shared by @ToddSullivan, Marginal Revolution, @cafreeland
 

How Can Yahoo Be Worth Less Than Zero?
bloombergview.com
A thing that pays you positive hundreds of millions of dollars a year shouldn’t be worth negative billions of dollars.
shared by @LaurenLaCapra, reddit/Economics, @newsycombinator, @TimOBrien
 

Not Just the Long-Term Unemployed: Those Unemployed Zero Weeks Are Struggling to Find Jobs
Next New Deal
shared by @interfluidity, @MarkThoma, FT Alphaville, reddit/Economics, @rortybomb
 

Michael Lewis: ’Wall Street has gone insane’
theguardian.com
Flash Boys, an exposé of ’rigged’ high-frequency trading, has sold 130,000 copies in its first week and is already being turned into a film. Its author, Michael Lewis, tells Emma Brockes why the story is so compelling.
shared by @ThemisSal, @JoeSaluzzi, @davewiner, Here Is The City, @Ian_Fraser
 

People who think they’re attractive tend to be more comfortable with economic inequality
vox.com
A new study suggests that if you like how you look, it can cause you to also like inequality.
shared by @tylercowen, reddit/Economics, @ezraklein
 

Report on the Troubled Asset Relief Program— April 2014
cbo.gov
shared by @JustinWolfers, @davidmwessel, @moorehn, @mccarthyryanj