FAMILY FORTUNES: Why so many hedge fund managers are throwing in the towel and focusing on managing just their own money. https://www.ft.com/content/47ba9fdc-201c-11e9-b126-46fc3ad87c65 …
Vanguard sounding the alarm for advisors, who largely haven’t felt the same fee pressure as their asset mgmt colleagues… https://www.etf.com/sections/etf-industry-perspective/vanguard-fee-pressure-looms …
More signs of Chinese capital outflows rising again: China’s imports of precious stones accounted for 69% of overall imports from Hong Kong last month. Highest % since the mini yuan devaluation in August 2015. Via @Bloomberg & @RBC
The number of electric vehicle sales is expected to rise to 64 million annually in 2040, from basically zero in 2016. For reference, global total vehicle sales totaled 83 million in 2016 (latest available number).
