Most Read on Bloomberg: Swooning Stocks, Besieged Hedge Funds

The most-read Bloomberg News reports from the past week are listed below. The rankings are based on daily statistics through May 7.

See READSUMS for previous lists.

STORIES

1. Stocks Slide Around the World as Growth Woes Bolster Treasuries
(Bloomberg) -- Global equities fell the most in a month and crude oil declined, while Treasuries surged with the dollar as evidence of limp economic growth around the world sparked a retreat from riskier assets.

2. Hedge Funds Under Attack as Steve Cohen Says Talent Is Thin
(Bloomberg) -- In less than seven days, hedge funds have been subject to a three-pronged attack by some of the biggest names in finance.

3. Two Sigma Co-Founder ‘Very Worried’ Machines Will Take Jobs
(Bloomberg) -- David Siegel, co-founder of $35 billion quantitative hedge fund Two Sigma, says he’s “very worried” that machines could soon cost large swaths of the global workforce their jobs.

4. Buffett Hits Hedge Funds While They’re Down, Faulting Fees
(Bloomberg) -- Warren Buffett’s biggest investment tip: Be wary of fees.

5. World’s Rich Families Are Putting Private Equity Firms on Notice
(Bloomberg) -- In December, a half-dozen of some of the richest families in the U.S., from agriculture to beverages, gathered in a conference room on the 10th floor of an office building in Miami.

6. Credit Suisse Banker Case Said to Widen With 3 New Suspects
(Bloomberg) -- Geneva prosecutors are widening their probe into Credit Suisse Group AG and one of its ex-wealth managers, identifying another three former employees as suspects in a case looking into unauthorized trades on the accounts of rich eastern Europeans, according to two people familiar with the investigation.

7. Brevan Howard’s Main Hedge-Fund Losses Said to Deepen in April
(Bloomberg) -- Brevan Howard Asset Management LLP’s flagship hedge fund fell in April, deepening losses for this year, according to two people with knowledge of the matter.

8. U.S. Stocks Stumble as Growth Anxiety Returns; Dollar, Oil Climb
(Bloomberg) -- U.S. stocks slid to a three-week low as concern that global growth remains tepid sent equities lower from Europe to developing nations. Oil traded near $44 a barrel, while the dollar strengthened for a second day after falling to its lowest point in almost a year.

9. Trump Becomes Presumptive Republican Nominee as Cruz Exits Race
(Bloomberg) -- Donald Trump, the billionaire real-estate developer who has upended the rules of modern campaigning, became the presumptive Republican presidential nominee on Tuesday after driving his top challenger, Texas Senator Ted Cruz, from the race with a crushing Indiana primary win.

10. Biggest Junk-Bond ETF Jolted by Massive Outflows Amid Rally
(Bloomberg) --The largest exchange-traded fund that buys junk bonds is flashing a potential warning sign that a three-month rally in the $1.4 trillion market is losing steam.

COLUMNS

1. The Book That Will Save Banking From Itself: Michael Lewis
(Bloomberg View) -- One of my favorite memories of my brief life on Wall Street in the late 1980s is of Mervyn King’s visit. A year after Professor King -- as I still think of him -- had been my tutor at the London School of Economics, he was tapped to advise some new British financial regulator. As he had no direct experience of financial markets, either he or they thought he’d benefit from exposure to real, live American financiers.

2. We Are All Zero Hedge, Not Just Wall Streeters: Noah Smith
(Bloomberg View) -- There was a lot of excitement on the Internet recently after the pseudonymous administrators of the finance-media website Zero Hedge were unmasked. Zero Hedge has become known as a source of cutting-edge news, rumors and gossip about the financial industry, as well as a haven for gold bugs, foes of the Federal Reserve and critics of high-frequency trading.

3. Why Currency Markets Appear Out of Whack: Mohamed A. El-Erian
(Bloomberg View) -- Last year, a few influential voices urged the Federal Reserve not to raise interest rates out of concern that it would slow global growth and fuel financial disruptions. Fed officials listened politely, then hiked rates in December and subsequently paused. Given recent developments in the foreign-exchange markets, some of these voices may now be wondering if the Fed should resume its rate increases.

4. The Night I Almost Felt Sorry for Ted Cruz: Margaret Carlson
(Bloomberg View) -- Politicians rarely get sympathy from the public when they lose. Yet in no other line of work is so much put on the line, so publicly, for so long, with a portion of crow to be eaten cold every day. Then, in one instant, it’s over. It’s enough to make a grown man cry.

5. Four Tasks for Trump Before He’s President: Albert R. Hunt
(Bloomberg View) -- Donald Trump sealed his extraordinary march to the Republican presidential nomination with a victory in the Indiana primary. Now he faces what may be an even tougher challenge: persuading the Republican Party to coalesce behind his candidacy.

MULTIMEDIA

1. Hedge Fund Fee Attack: Paying Money to Lose Money?
(Bloomberg) -- Hedge funds are under fire from the top names in finance over fees and performance whiles the $2.9 trillion industry suffers through its worst start to any year. Bloomberg’s Katia Porzecanski examines why the tide has turned on hedge funds on "Bloomberg Markets."

2. ECB’s Draghi Speaks: Low Rates, EU Institutional Reform
(Bloomberg) -- European Central Bank President Mario Draghi speaks about the causes and implications of a low-interest environment, and the importance of institutional reforms in the European Union and euro area. He speaks at the annual meeting of the Asian Development Bank in Frankfurt.

3. The Peak Oil Myth and the Rise of the Electric Car
(Bloomberg) -- There are more than one billion cars on the road worldwide today, and only one tenth of one percent of them have a plug. OPEC contends that even in the year 2040, EVs will make up just one percent. But don’t be so sure. By 2020, some electric cars and SUVs will be faster, safer, cheaper, and more convenient than their gasoline counterparts. What if people just stop buying oil? In the first episode of our animated series, Sooner Than You Think, Bloomberg’s Tom Randall does the math on when oil markets might be headed for the big crash.

4. Blackstone’s Schwarzman on Private Equity and Hedge Funds
(Bloomberg) -- Steve Schwarzman, Blackstone’s chairman and chief executive officer, discusses capital deployment and the state of the hedge fund industry with Bloomberg’s Erik Schatzker at the Milken Institute Global Conference.

5. Pimco’s Clarida Explains Puerto Rico’s Bond Default
(Bloomberg) -- Richard Clarida, managing director at Pimco NY, discusses the political and market implications of Puerto Rico’s default on a $422 million payment on Government Development Bank debt.

--With assistance from Anny Kuo in New York.

To contact the reporter on this story:
Audrey Barker in New York at abarker3@bloomberg.net
To contact the editors responsible for this story:
Bob Brennan at rjbrennan@bloomberg.net
James Amott

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