The Presidential Daily Brief

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  1. Global Unrest Is Hurting Hedge Funds

    Hedge fund executives in London have seen their earnings plummet by as much as 55 percent since 2012, according to new figures. This reflects a decline in industry returns, driven by crises in Ukraine and Iraq. As major funds exercise caution, scrambling to protect their portfolios against the faltering equities and slumping bond prices that typically accompany global unrest, employees are feeling the pressure. But don’t start sending care packages just yet — London’s top dogs still earn over $750,000 in bonuses alone.

    Quartz, WSJ (sub)

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