Financial News Roundup for the week of June 18, 2017

What We've Been Reading - Week of June 18

Markets & Economy:

• Some global investors see fresh worries in an old problem: China (NYT)
• Health Care Is the S&P 500's Unsung Hero (Bloomberg)
• Fake online stores reveal illegal shadow banking system (Reuters)
• Morgan Stanley’s role in Noble’s unhappy story (Financial Times)

Asset/Wealth Management:

• Your ETF isn’t what you think it is (WSJ)
• Pension Crisis Won't Be Reversed by High Returns, Moody's Says (Bloomberg)
• Are activists being sabotaged by their brokers? (WSJ/National Bureau of Economic Research)
• Fidelity’s Lessons For The Asset Management Business (The Economist)

Long(er) Reads:

• Martin Shkreli: “I’m so innocent” (NYT)

Alternatives:

• Hedge funds are in love with small-caps again (Bloomberg)
• The path to transparency in alternatives investing (Northern Trust/Economist Intelligence Unit)
• CalPERS CIO hints at possible PE cuts (PEI)
• Top Advisers Pull Their Clients’ Assets Out of Hedge Funds (FT)
• Rise of Robots: Inside the World's Fastest Growing Hedge Funds (Bloomberg)
• Ten Years After Going Public, Blackstone Stock Hasn’t Budged (NYT)

Media Industry and Journalism:

• Facebook Building Feature to Let Users Subscribe to News Publications (WSJ)
• Marketers reevaluating automated ad-buying to avoid web’s dark side (WSJ)
• Vice secures $450 million investment from TPG (WSJ)
• Bloomberg Editor-in-Chief Spikes Positive Story About Fox Business (TheWrap)
• How the Guardian lost America (BuzzFeed)
• Case tests limits protecting anonymous sources for subscription-based research outfits (NYT)
• New York Times bloodbath could include reporter jobs (New York Post)