Financial and Media News - Week of June 5, 2016

By Zach Kouwe

Markets & Economy:

• Fortune 500 list revealed (Fortune)
  
• Central banks fear trouble ahead as Bexit stress goes global (Bloomberg)
  
• A Bearish George Soros is trading again (WSJ)
  
• Tesla blames short sellers for Model S report (Business Insider)
  

Asset Management:

• SEC moves to curb leveraged ETFs (WSJ)
  
• Are Algorithms taking jobs on Wall St.? (Bloomberg)
  
• Asset managers are seeking capital from huge Australian pension funds (WSJ)
  

Long Reads:

• Vanity Fair explores what happened at Valeant (Vanity Fair)
  
• The Wall St. golden boy who allegedly fleeced his family and friends (Vanity Fair)
  
• The New Economics of Cybercrime (The Atlantic)
  

Alternatives:

• Goldman sells stakes $800 million of stakes in 5 hedge funds to AMG (Bloomberg)
  
• McKinsey’s $5 billion internal hedge fund in the spotlight (Financial Times)
  
• iCapital Network Poll Shows RIA Clients Keen to Learn More About Private Equity (FinAlternatives)
  
• Lincoln’s Cooper switches to private equity as hedge funds falter (Bloomberg)
  
• Hedge fund investors seek CTA’s (HedgeWeek)
  
• Blackstone turns to investment banking model to court the rich (Bloomberg)
  
• Hedge funds break even in May - up 0.75% YTD  (FinAlternatives)
  

Media Industry and Journalism:

• Behind Peter Thiel’s Plan to Destroy Gawker (Forbes)
  
• Gawker files for bankruptcy (NYT)
  
• CNBC is No. 1 business network in Europe (TalkingBiz News)