Weekend Reads: Nothing but Blue Skies

FACTOID:  Bitcoin futures at CME Group provide four different expirations:  two serial month and two quarterly expirations.

Managing Bitcoin Futures Expiration: Rolling Forward – (CME Group)

 

With Mark Casady and Josh Brown as backers, the former BrightScope CEO raised a quick $1.5 million over the weekend, partnered with a third Alfred — Eddie — and set about casting light on 1,000 cryptocurrencies for hedge funds

Mike Alfred also exits BrightScope to follow brother Ryan into cryptocurrency sphere – (RIA Biz)

 

Ray Dalio’s Bridgewater Associates made another $300 million for its investors last year despite only eking out low, single-digit gains in its main Pure Alpha macro funds.

The Top-Earning Hedge Fund Firms of All Time – (Institutional Investor)

 

“This generation of millennials, particularly younger millennials, seem to be adapting the savings habits a bit more rigorously, with a bit more discipline and a bit more intensity than even the older millennials and boomers,” he said. “We’re seeing their saving habits start earlier.”

Here’s What You Should Know About That Survey Saying 1 in 6 Millennials Has $100K in Savings – (Fortune)

 

The weaker greenback is helping to reverse a recent trend that exacerbated a rout for crops. Since June 2011, the dollar climbed more than 20 percent, while corn fell more than 50 percent.

Grain Traders Finally Getting Invited to the Commodity Party – (Bloomberg)

 

At the end of 2017, hedge funds and other money managers were betting that natural-gas prices would fall: Short bets on natural gas outnumbered long ones by more than 50,000 contracts.

Cold Weather Heats Up Natural-Gas Market – (WSJ)

 

This interactive tracks the publicly known developments of the sprawling investigations into Trump and Russia – and probably represents a slice of what has actually taken place.

Tracking the Russia Investigation – (CNN)

 

“There are 15 million people invested [in this asset class], and it is [largely] unregulated,” he said. “What are the regulators going to do? Can we continue with unregulated exchanges? We are waiting.”

Vanguard Says It Will ‘Never’ Launch Bitcoin Fund, and It’s Not Alone – (Think Advisor)

 

Investors would be wise to reconsider abandoning low-volatility strategies, especially now that the market is, by almost any measure, expensive, and volatility has been uncharacteristically benign for so long.

Why Low-Vol Strategies Make Sense Now – (Fortune Financial)

 

There’s a lot of complaining about gerrymandering, but what should districts look like? We went back to the drawing board and drew a set of alternative congressional maps for the entire country. Each map has a different goal: One is designed to encourage competitive elections, for example, and another to maximize the number of majority-minority districts. See how changes to district boundaries could radically alter the partisan and racial makeup of the U.S. House — without a single voter moving or switching parties

The Atlas Of Redistricting – (FiveThirtyEight)

 

He wears $5,000 suits and is chauffeured to court in a Rolls-Royce. He’s made a fortune off the war on drugs. He claims Oprah once wanted to have his baby. He is the most interesting lawyer in Chicago. But who’s the man behind the megawatt smile?

The trials of Stuart V. Goldberg, Chicago’s flashiest defense attorney – (Chicago Reader)

 

Robert De Niro is set to star as Frank “The Irishman” Sheeran and Al Pacino will play Jimmy Hoffa. Actor Joe Pesci also stars in the film with screenplay by Steven Zaillian and Martin Scorsese will directing and producing alongside De Niro.

Action Bronson To Appear in Robert De Niro Netflix Film ‘The Irishman’ – (Billboard)

 

Mulvaney has received $57,100 in campaign contributions from the payday lending industry over the course of his political career, according to the National Institute on Money in State Politics.

CFPB Drops Investigation Into Payday Lender That Contributed To Mick Mulvaney’s Campaigns – (IBT)

 

I guess we’re all momentum investors. Although I’d argue that some are smarter than others. Market cap indexing just so happens to be a very low fee and tax efficient form of momentum investing.

Why Does Momentum Investing Work? – (Pragmatic Capitalist)

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