Financial and media news roundup for the week of July 24, 2016

Markets & Economy:

• The U.S. reaches record high glut of gasoline (CNN Money)
  
• The economy is once again under the sway of asset prices (WSJ)
  
• Fed suggests growing chance on rate rise (NYT)
  
• Investors wary of Saudi Aramco IPO (WSJ)
  

Asset Management:

• MSCI finds that top paid CEOs don’t achieve the best firm performance (WSJ)
  
• Is active management dead? Not even close (CFA Institute)
  
• Active ETFs produce few stars and fewer fans (InvestmentNews)
  

Long Reads:

• Glencore digs out of the abyss (Fortune)
  

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Alternatives:

• How does this hedge fund manager make so much money? (Bloomberg)
  
• Hedge funds suffer $20B net outflows in June (FT via CNBC)
  
• Bridgewater’s Culture Examined (NYT) (Bridgewater’s response)
  
• Deutsche Bank slump hurts hedge funds unit (Bloomberg)
  
• Exposure to private investments has been key to foundation and endowment outperformance (Cambridge Associates Report)
  
• Vinny Tortorella’s compliance work at Point72 (Business Insider)
  
• Howard Marks says hedge fund “geniuses” sparked too many firms (Bloomberg)
  
• AIMA: New report on private credit shows huge growth in Europe (AIMA)
  

Media Industry and Journalism:

• After Ailes’ departure, a stony silence at Fox (NYT)
  
• Simon Hobbs leaves CNBC (TalkingBizNews)
  
• Yahoo! Finance, Dow Jones websites gain traffic in June (TalkingBizNews)