Hedge Fund News Wrap: Week Ending 08/28/15

Party Like It’s 2007…?

(Business Insider) – Even though it’s Friday, the markets are still feeling their hangover from the dreaded “Black Monday.” Specifically equity funds are still feeling the hit, the daily outflows from them on Tuesday hit their highest level since 2007, as investors withdrew $19 billion. That’s billion, with a b. If you think that’s bad, a total of $29.5 billion drained out of equity funds throughout the entire week, the worst since 2002.

“Emerging market investors have been spooked by rising uncertainty about China, and stress has been exacerbated by a combination of fundamental concerns about EM economic prospects and volatility in global financial markets,” said Charles Collyns, chief economist at the IIF.

Read the entire article at Business Insider
More coverage: CNBC and Rueters

The Seven Things I Hate About You

(CNBC) – People around the world are wondering, why has the market gone wild? Well, CNBC has put together a definitive and easy-to-read list.

1.) Price discovery

2.) The Fed

3.) China

4.) Massive late-day sell orders

5.) The computers

6.) Technical breakdowns

7.) More China

Read the entire article at CNBC
More coverage: The Hill

Everyone Put On Your Rally Caps

(The Wall Street Journal) – Recently, the markets have been a roller coaster, the kind that flips you over, turns sharper than your limbs can handle, rapidly stops and drops so fast that your stomach feels like it has left your body.

This morning U.S. stocks took a little tumble, as the Dow Jones Industrial Average fell 71 points, or 0.4%, to 16528, the S&P 500 was down 0.2% and the Nasdaq Composite lost 0.1%.

Overall, both the Dow and the S&P 500 have rallied back from all of the losses suffered this past week. Currently, the Dow is up 0.9% and the S&P is up about 0.7%. But we aren’t out of the woods yet, as next week will be a vital sign as to where the market is headed.

Read the entire article at The Wall Street Journal
More coverage: Reuters and NBC