Financial and Media News Roundup for the Week of June 27, 2016

Markets & Economy:

• Ten different Brexit outcomes (Reuters)
• In Battle to Name McKinsey Clients, Discretion Carries Day (Bloomberg)

Asset Management:

• Investors continue to pour billions into passive funds and ETFs (CNBC.com)
• Fidelity cuts fees on index funds to better compete with Vanguard (WSJ)

Long Reads:

• New York Times multi-part series on broadening private equity ownership in the U.S. (Part 1. Part 2)
• How American politics went insane (Atlantic Monthly)

Alternatives:

• Blackstone holds interim close of long-dated fund (PEI)
• Shorting Pound Helped One Hedge Fund Make 10.5% on Brexit (Bloomberg)
• Teachers’ union and hedge funds wage war over pension billions (WSJ)
• Hedge Fund AUM regains $3 trillion mark, Brexit impact remains (FinAlts)
• Market neutral hedge funds breezed through Brexit plunge (Bloomberg)
• Private Equity in the age of populism (WSJ Pro)
• Pershing Square Layoffs (WSJ)
• Private Equity Big Cheese? Try a mouse in a glue trap (WSJ)

Fin-Tech

• Robo-adviser Betterment suspends all trading during Brexit aftermath (WSJ)

Media Industry and Journalism:

• WSJ and NYT rack up Loeb award this year (TalkingBizNews)
• Fox Business Network continues to grow (TalkingBizNews)
• ​Bloomberg posts record digital audience during Brexit (TalkingBizNews)