Financial News Roundup for the Week of July 23, 2017

What We've Been Reading - Week of July 23

Markets & Economy:

• Despite losses, traders continue to short FANG stocks to hedge against broader market (Business Insider)
  
• How the wild west of the Internet will be won - through regulation (Stratfor Research)
  
• SEC: ICOs and digital currencies could be classified as securities (FT)
  
• Latest memo from Howard Marks of Oaktree (Oaktree)​
  

Asset/Wealth Management:

• Smaller Managers Best Large Peers Across Equity, Fixed Income (Institutional Investor)
  
• Dan Loeb is betting on Blackrock (Business Insider)
  
• How a Catholic School Turned $15,000 Into $34 Million Thanks to Snapchat (WSJ)
  
• An insider explains why Wall Street big money focus on sustainability is here to stay (Forbes)
  
• Wall Street needs you to borrow against your stock (WSJ)
  

Long(er) Reads:

• Canada debates whether gift of photos is also a tax dodge (NYT)
  
• The hijacking of the Brillante Virtuoso (Bloomberg BusinessWeek)
  

Alternatives:

• This Hedge Fund Is Betting $280 Million on a 34-Year-Old Guy (Bloomberg)
  
• Hedge fund flows turn positive for first time in six quarters (P&I)
  
• Direct lending funds’ fading all-weather appeal (Reuters)
  
• Carlyle Is Said to Target $15 Billion for U.S. Buyout Fund (Bloomberg)
  
• Wealthy Families Invest Less In Buyout Funds To Do Own Deals (II)
  

Media Industry and Journalism:

• The boycott that wasn’t: How United weathered a media firestorm (NYT)