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Hedge Fund Research James Simons Long Island-based Renaissance Money Quantitative Investment Management Top News 

Renaissance draws billions in new cash as love for quants blooms

June 30, 2017 By Svea Herbst-Bayliss BOSTON (Reuters) – As hedge fund investors have been choosing computers over star stock-pickers, putting ever more money into “quant” funds, one firm has become the undisputed leader in attracting assets. Renaissance Technologies, staffed by nearly eight dozen scientists with doctorates in physics, math and other fields, captured more than $3 billion in new money in the first five months of the year, according to two people familiar with the figures, which have not been previously reported. Compared with the $4.6 billion that all…

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APPETITE Economy Matt Thompson New York Top News VIX 

Fleeting U.S. stock market falls unlikely to derail volatility selling

June 30, 2017 By Saqib Iqbal Ahmed NEW YORK (Reuters) – Thursday’s sharp drop in U.S. stock prices highlights the risks taken on by investors who continue to bet that market volatility will remain subdued, but these kinds of shocks to the system, experts say, are unlikely to deter them from a very profitable trade. Friday’s recovery in stock prices limited the damage for investors who have bet against rising volatility. The CBOE Volatility Index , better known as the VIX and the most widely followed barometer of expected near-term…

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case District Court Entertainment lawsuit Scrambled Eggs Top News 

Paul McCartney settles with Sony/ATV over Beatles music rights

June 30, 2017 By Jonathan Stempel NEW YORK (Reuters) – Paul McCartney has reached a confidential settlement of his lawsuit against Sony/ATV Music Publishing LLC in which he sought to reclaim copyrights to songs by the Beatles. The accord disclosed on Thursday in filings with the U.S. District Court in Manhattan ends the 75-year-old McCartney’s pre-emptive effort to ensure that the copyrights, once owned by Michael Jackson, would go to him starting in October 2018. U.S. District Judge Edgardo Ramos signed an order dismissing the case, but agreed to revisit…

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cyber Germany Russian security Tech Top News 

Germany gears up to defend against possible G20 cyber attacks

June 30, 2017 By Andrea Shalal and Thorsten Severin BERLIN (Reuters) – Germany is girding itself for possible cyber attacks on next week’s G20 summit in Hamburg, by hacker groups or cells linked to foreign governments, its top cyber official told Reuters. Arne Schoenbohm, president of Germany’s Federal Office for Information Security (BSI), said authorities had set up a 24/7 special command center to defend against such attacks, just as it was preparing for any physical violence. “We’re preparing intensively for every form of protest,” Schoenbohm said in an interview….

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Adam Mosseri network News Feed president Tech Top News 

Facebook changes algorithm to curb ‘tiny group’ of spammers

June 30, 2017 By David Ingram SAN FRANCISCO (Reuters) – Facebook Inc said on Friday it was changing the computer algorithm behind its News Feed to limit the reach of people known to frequently blast out links to clickbait stories, sensationalist websites and misinformation. The move is another step by the world’s largest social network to weed out spam, a battle Facebook has fought for years but that gained urgency after hoax news stories spread widely during last year’s U.S. presidential campaign. Facebook said the change would reduce the influence…

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canada Economy fact Masayuki Kitano Editing Stephen Innes Top News 

Dollar posts biggest quarterly drop in nearly seven years

June 30, 2017 By Sam Forgione NEW YORK (Reuters) – The U.S. dollar recovered slightly on Friday, but posted its biggest quarterly decline against a basket of rival currencies in nearly seven years after hawkish signals from foreign central banks this week pressured the greenback further. Investors have ramped-up expectations for tighter monetary policy from the European Central Bank, Bank of England and Bank of Canada after hints from officials this week. This has made the greenback less attractive, in addition to skepticism that the Federal Reserve would be able…

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ECB Economy greece IMF month Top News 

ECB to inspect Greek banks’ progress on cutting bad loans

June 30, 2017 FRANKFURT (Reuters) – The European Central Bank plans to inspect Greek banks this year to monitor their progress in working off their huge pile of unpaid loans, ECB director Sabine Lautenschlaeger said on Friday. Greek banks have been cutting their share of non-performing loans (NPL) to companies and households, which account for slightly more than half of their books as a result of a severe economic crisis, to meet targets set by the ECB. The ECB supervises Greece’s four largest banks, or significant institutions (SIs), and is…

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Blue Ivy Entertainment La La Land month service Top News 

Rapper Jay Z addresses infidelity, newborn twins in “4:44” album

June 30, 2017 By Piya Sinha-Roy LOS ANGELES (Reuters) – Rapper Jay Z let his music do the talking with his new album “4:44” on Friday as he addressed cheating on his wife Beyonce, the birth of his twins and this year’s Oscars best picture. In the title track, Jay Z admitted in his lyrics that he “often womanize”, more than a year after R&B star Beyonce first shed light on his infidelities in her album “Lemonade”. Jay Z pens a remorseful ode to his fractured marriage in “4:44”, rapping…

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