Aug. 31 (Bloomberg) -- The following list comprises the most-read Bloomberg News reports from the past week.
To read any article, click on the story links shown below or go to READ 1W <GO>. See NI READSUMS <GO> for previous lists of the most-read stories.
Lists are based on daily statistics through Friday.
1. Citadel, Hutchin Hill Leading Funds Raising Most Since ’07
Aug. 27 (Bloomberg) -- Neil Chriss is hitting his stride.
The math doctorate turned hedge-fund manager founded Hutchin Hill Capital LP more than six years ago and built it to cater to large investors. After posting annualized returns of 12 percent, about six times the average of his peers, he finds himself in the sweet spot for fundraising. Hutchin Hill’s multistrategy approach is the most popular hedge fund style this year, helping the New York-based firm double assets by attracting $1.2 billion.
2. Harvard Endowment Compensation Sparks Letter From Alumni
Aug. 27 (Bloomberg) -- A group of alumni that has previously criticized Harvard University for how much it pays its endowment managers is again finding fault after compensation more than doubled in three years at the investment arm.
3. Apple Said to Prepare New 12.9-Inch IPad for Early Next Year
Aug. 27 (Bloomberg) -- Apple Inc.’s suppliers are preparing to manufacture the company’s largest-ever iPad, with production scheduled to commence by the first quarter of next year, according to people with knowledge of the matter.
4. Treasuries Rise With Gold, S&P 500 Drops Below 2,000 on Ukraine
Aug. 28 (Bloomberg) -- Treasuries climbed with gold and U.S. stocks slumped from an all-time high as evidence mounted that Russia has sent troops to fight in Ukraine.
5. Goldman Sachs Partners Bott, Shalett Depart as New Class Awaits
Aug. 26 (Bloomberg) -- Goldman Sachs Group Inc.’s list of so-called partners dropped to 409, the lowest in almost two years as the firm is set to name a new class at the end of this year.
6. Airlines Mull First-Class Future After Business Beds Success
Aug. 27 (Bloomberg) -- The world’s top airlines are questioning the need for first-class cabins as flat-bed seats cradle corporate customers in once-unimaginable comfort, making the premium on front-row seats harder to justify.
7. S&P 500 Tops 2,000 as Dollar, European Bonds Advance on ECB Bets
Aug. 25 (Bloomberg) -- The Standard & Poor’s 500 Index briefly topped 2,000 for the first time as stocks rallied on deals speculation and prospects for increased European stimulus. The dollar climbed to an 11-month high and German two-year note yields dropped below zero.
8. USC Says It’s Investigating Football Captain’s Pool Rescue Story
Aug. 26 (Bloomberg) -- The University of Southern California is investigating football captain Josh Shaw’s story that he injured his ankles attempting to rescue his nephew from a swimming pool.
9. JPMorgan’s $380 Billion Man Won’t Let Bond Bubble Slow Him Down
Aug. 28 (Bloomberg) -- All those bond investors fretting about a bubble will probably be right eventually. In the meantime, they may want to think about buying some junk debt.
10. How Tsai Went From Yale Lacrosse Fields to Alibaba Mega-Deals
Aug. 25 (Bloomberg) -- At 4:30 a.m. on a May morning in Hong Kong, Joseph Tsai gathered with three other executives of Alibaba Group Holding Ltd. With the U.S. stock market just closed, it was time to submit the Chinese e-commerce giant’s prospectus for an initial public offering -- likely to be the largest ever in the U.S.
1. Three Big Reasons This Summer Was Different: Mohamed A. El-Erian
Aug. 25 (Bloomberg View) -- As the summer comes to an end, I’d like to try something unusual, if I may. Let’s collectively specify three major lessons that we learned about financial markets in the last two months and, after compiling a summary of them, draw out the implications for what lies ahead.
2. Everyone Wants This $10 Million Beer Cooler: Leonid Bershidsky
Aug. 27 (Bloomberg View) -- Kickstarter has a new champion: an elaborately designed picnic cooler that has drawn the most backing in crowdfunding history.
3. Learn Math or Be Ready to Fall Behind: Barry Ritholtz
Aug. 25 (Bloomberg View) -- Last week, we discussed the problems with having poor reading comprehension and the impact that has on consuming news. This week, I want to look at the lack of math skills.
4. No One Wins in Fight for Legroom at 40,000 Feet: Megan McArdle
Aug. 26 (Bloomberg View) -- As I have mentioned before on various incarnations of my blog, I’m 6-foot-2 and all leg, so I’m very sympathetic to folks who complain about legroom. However, like many tall people, I also have a bad back, so I’m very sympathetic to folks who want to recline their seats. Heck, I’m even sympathetic to the airlines that are cramming people into planes with the wild abandon of college freshmen filling their trunks for summer break.
5. Here’s What Will Ruin Your Labor Day Weekend: Edward Niedermeyer
Aug. 27 (Bloomberg View) -- A Labor Day without nightmare traffic? You might be expecting one if you’ve been reading the trend pieces about how Americans’ “love affair with the car” is over, or looking at the charts showing how vehicle miles traveled have flatlined.
1. Jefferies’ CEO Nominates Icahn for Ice-Bucket Challenge
Aug. 27 (Bloomberg) –- Rich Handler, chief executive of Jefferies Group LLC, participates in the ALS Ice Bucket Challenge by jumping into an ice-filled bathtub to help raise money and awareness in the fight against amyotrophic lateral sclerosis.
2. Top Cities Most at Risk for Next Big Earthquake
Aug. 26 (Bloomberg) –- Damages from the earthquake that hit the San Francisco area this weekend are estimated to be as high as $4 billion. For many cities around the world, particularly coastal cities situated on the geologically active Ring of Fire, an earthquake could be catastrophically destructive. Bloomberg looks at the five cities that are most vulnerable to earthquakes.
3. Faber Sees More Market Volatility in Next 6-12 Months
Aug. 26 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, talks about the outlook for global markets.
4. ‘Russia and Ukraine Are Now at War,’ Bremmer Says
Aug. 28 (Bloomberg) – Eurasia Group President Ian Bremmer discusses the escalating conflict in Ukraine and why the country is essentially at war with Russia.
5. S&P 500 Topping 2,000 Not Significant, Levkovich Says
Aug. 26 (Bloomberg) -- Tobias Levkovich, chief U.S. equity strategist at Citigroup Inc., and Jeff Lewis, senior portfolio manager at TIG Securitized Asset Fund, talk about the performance of U.S. stock and bond markets, geopolitical market risks, and the impact of higher interest rates on biotechnology companies, mortgage REITs, and homebuilders.
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