My Weekly News Roundup 

What We've Been Reading - Week of Oct. 16

The debate over active vs. passive management dominated headlines this week, coinciding with the Wall Street Journal’s launch of ‘The Passivists’; a series of articles exploring the rise of passive investing. The following are some of the more prominent articles covering the subject:

• Wall Street’s ‘Do Nothing’ Investing Revolution (WSJ)
  
• The Dying Business of Picking Stocks (WSJ)
  
• Some visual aids in support of the growth of passive management (WSJ)
  
• Capital Group’s Timothy Armour in defense of activist investing (WSJ)
  
• To succeed, Janus/Henderson merger will need to counter decline of active management (P&I)
  
• Cliff Asness weighs in on (Cliff’s Perspective, AQR Blog)  
  

Markets & Economy:

• Central banks’ balance sheets soar (Bloomberg)
  
• A Nasdaq upgrade threatens IEX (WSJ)
  
• Where will the next crisis come from? (Bloomberg Businessweek)
  

Asset Management:

• Hedge funds using complex algorithms are gaining an edge (Financial Times)
  
• How one Goldman trader made $100M profit for the firm (WSJ)
  

Long Reads:

• Steve Cohen’s comeback (Fortune)
  

Alternatives:

• Firms look for ways to skirt new CLO rules (WSJ)
  
• Hedge funds cost New York state $3.8 billion (Bloomberg)
  
• KPMG and MFA release results of their 2016 survey on the hedge fund industry (KPMG)
  

Media Industry and Journalism:

• MetLife breaks it off with Snoopy (WSJ)
  
• ​The Wall Street Journal is cutting newsroom jobs again (CNN)