10 Tuesday AM Reads

My morning train reads (Continues here):

Mohamed El-Erian: Investors beware: economists at large (FT)
• Top 10 Countries Hoarding Cash (Wall St. Cheat Sheet)
• Study: A hedge fund manager’s performance-based incentive fees are indicative of his or her appetite for risk and leverage rather than skill. (CIO) see also Do Incentive Fees Signal Skill? Evidence from the Hedge Fund Industry (SSRN)
• Firm Inefficiency (Overcoming Bias)

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