Hedge fund managers—not that long ago the titans of Wall Street, thanks in part to their “2 and 20 model” that saw them receiving fees of 2% of assets under management and 20% of any gain in any year—are reeling from the loss of investor interest (and capital) in recent years. The outflow is even prompting once unthought-of moves (acknowledging poor performance, for example), in an effort to stop the bleeding – NYTimes

The IMF is officially raising red flags over the Chinese corporate debt situation that’s causing investors and economist from around the globe to fear an impending disaster that could destabilize the entire global financial system – Bloomberg

The committee of international bank regulators in Basel is considering a set of rule revisions aimed at curing crisis-era concerns. Though nonbinding, the revisions carry weight around the world, prompting industry trade groups to criticize the changes—particularly within the realm of risk assessment – WSJ

With that in mind, care to take a guess at how industry groups feel about proposed CFTC rules on automated and algorithmic trading? –   Law360

Forgoing a planned IPO, cybersecurity company Blue Coat Systems is selling itself to computer security vet Symantec for a reported $4.65 billion – NYTimes and WSJ and Bloomberg and Law360

As if the Fed isn’t worried about enough these days, here comes a long-dead Swedish economist and his musings on “the mysterious natural rate” (the “inflation-adjusted rate that consistent with the economy operating at its full potential, expanding without overheating”) for Chair Yellen to sweat – WSJ

Just a week after we heard about Guy Hands’ longtime battle against Citi over Terra Firma’s disastrous EMI deal, Hands has “abruptly abandoned” the suit, withdrawing its fraud allegations against Citigroup and agreeing to pay the bank’s court costs after a difficult 2 days on the stand for Guy – NYTimes

Rising earnings may  just be enough to save flailing stock markets’ bacon – WSJ

General Mills’ celebration of 150 years in the biz seemed like an awfully appropriate occasion to roll out its collection of ads, products, and memorabilia associated with GM’s (and Pillsbury’s) greatest hits – NYTimes

A year in the making, this hour-long 80s movie mashup music video is so intense that it comes with a seizure warning. So enjoy, yes, but at your own risk – SmashTV