Your daily dose of financial news - The Brief – 9.12.16

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All eyes will be on the markets this week to see whether Friday’s unexpected across-the-board dip will kick off a new season of volatility after an awfully quiet summer – WSJ

Hank Greenberg’s getting (or being forced to have, more like it) his day in court.  A mere 11 years later – NYTimes

Ireland’s official stance on Apple’s $14.5 billion in taxes [we don’t want it] differs more than a bit from the average Irish worker’s take on that money [it could come in quite handy] – NYTimes

The past 2 years have been just short of disastrous for most hedge funds. But even without much to show in the form of results, the world’s biggest fund manager—Bridgewater Associates—has attracted $22.5 billion in investor cash since last year. The staggering amount has been mostly split between the firm’s macro Pure Alpha fund and the new Optimal Portfolio – Bloomberg

In what would be a merger of PE firms, HarbourVest Partners has offered $1.35 billion in cash to acquire SVG Capital – NYTimes

Remember a few weeks back how we discussed Italy as the epicenter for the next global financial crisis?  Yeah, well UniCredit’s post-July-stress-test position won’t be helping shift that focus anywhere else – WSJ

Turns out, according to some at least, that one of Bitcoin’s best features—the immutability of the blockchain technology underlying the virtual currency—may also be one of its biggest drawbacks – NYTimes

The Journal looks at the recent move to split off REITs from financial stocks, creating a new stock-market sector and dubs it a good thing for all involved – WSJ

Atlanta’s hoping that what the High Line did for NYC’s meatpacking district, the BeltLine will do for its miles of traffic and suburban sprawl – NYTimes

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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