Write-Offs: 07.06.12
$$$ Hedge fund performance YTD: Paul Tudor Jones +1.59%, David Einhorn +3.7%, Dan Loeb +3.9%, HFRX Global Index +1.22%, S&P +8% [Reuters]
$$$For Fletcher Investors: Unhappy Returns and, So Far, No Refunds [WSJ]
$$$Money market funds close after ECB cut [FT]
$$$ CNBC thinks it's important to report the "hot news story" of Libor manipulation without mentioning Libor, for some reason [CNBC]
$$$Marxism is back [Guardian]
$$$Massachusetts man pays off mortgage with pennies [AP]
$$$ A Chicago hedge fund is looking for a quant trader/ quant strategist to join a high frequency trading team [DBCC]
$$$Italy Approves €4.5 Billion in Spending Cuts for 2012 [WSJ]
$$$Commercial Mortgages Show How Bad It Got [NYT]
$$$Reverse mortgages: the celebrity pitchman aren’t even the worst part [Reuters / Ben Walsh]
$$$ You can predict the outcome of negotiations and business pitches without hearing a word by observing the ratio of speaking to listening and the amount of voice fluctuation [Farnam Street]
$$$ It's going to be 105 degrees in New York tomorrow, so that's nice [DI]