Hot Reads: Grayscale Sued by FTX’s Alameda Over Fees

Grayscale Sued by FTX’s Alameda Over Fees, Redemptions (The Wall Street Journal) 
Alameda alleges that Grayscale caused its bitcoin and ether trusts to trade at a nearly 50% discount to their net asset value. 

The Data Will Speak Louder Than Powell: Fed Rate Veering Toward 6% (Barron’s) 
If you listen to the data right now, the numbers are saying the Fed needs to move much higher—perhaps above 6%. 

Grayscale-SEC Fight Could Clear the Way for Anyone to Speculate on Bitcoin (Bloomberg) 
The issuer wants to convert its crypto trust into an ETF, but regulators say bitcoin is too ripe for fraud and manipulation. 

A Good Year for China’s Economy (Jackson Hole Economics) 
Estimates suggest China could achieve 6% GDP growth in 2023.  

As Active Funds Struggle to Outperform, Fee Declines Get Worse (Institutional Investor) 
Active management fees continued to decline in 2022. 

Markets Continue to Flirt With Risk-On Signals (The Capital Spectator) 
Investors may have convinced themselves that the worst has passed for the global economy. 

ETFs Help Drive Huge Growth in India’s Investment Market (Financial Times) 
Launch of new passive equity-linked savings schemes expected to further boost industry, Cerulli says. 

Momentum Factor Investing & Salience Theory (Alpha Architect) 
Salience theory’s contribution to asset pricing theory turns out to be valuable insight for momentum strategies, a recent paper finds.