"For many institutional, discretionary fund managers, those funds wouldn't get cleared because the big question would be around liquidity," said James Butterfill, head of investment strategy at ETF Securities in London. 'BUBBLES, BOOMS AND BUSTS'One way mainstream money managers could get exposure is by investing in a basket of hedge funds that includes a crypto fund. But the head of hedge funds at a major European bank that invests in more than 100 hedge funds said there were no crypto funds in his portfolio. "It's unlikely that the most established hedge funds will make big bets on this because you could put your core business at risk." Advertisement Continue reading the main story"It's clear there's money piling into these funds," said Emad Mostaque, co-chief investment officer at the London office of South African hedge fund firm Capricorn Fund Managers.
October 23, 2017 05:03 UTC
A report by Reuters, later corroborated by Fortune, confirmed the longstanding rumors that people aren't buying the iPhone 8. Reuter's report quoted the chief executive of Canada’s largest mobile network as saying that sales of the new iPhone 8 and 8 Plus have been "anemic." The iPhone 8 is a placeholder phone released just for the sake of releasing something because Apple can't produce iPhone X in high quantities fast enough. Part of the reason nobody cares about the iPhone 8 is that the iPhone X is so intriguing. And who knows, maybe by mid-2018 when Apple drops the prices of the iPhone 8, enough budget-conscious consumers will give that phone a look.
October 23, 2017 04:55 UTC
Story highlights The Los Angeles Times says it has interviewed multiple women about their alleged encounters with director James TobackToback has denied the allegations to the LA Times, the newspaper reports(CNN) Numerous women have accused Hollywood screenwriter and director James Toback of sexual harassment, the Los Angeles Times reported Sunday. The Times says it interviewed multiple women about their alleged encounters with Toback over several decades; the Times says most of the women spoke on the record. The article reported that according to the women: "In a hotel room, a movie trailer, a public park, meetings framed as interviews or auditions quickly turned sexual." CNN has not independently verified the allegations, but is reaching out to the women. The director, 72, denied the allegations when contacted by the Times, the newspaper said.
October 23, 2017 04:41 UTC
Every year, The New York Times recommends 52 Places to Go, one place to dream about exploring each week. This year, we want at least one ambitious traveler to turn our wish list into an itinerary. The ideal candidate is a permanent student of life and astute documentarian of the world. Media experience is required, as is fluency in English, expertise in social media and facility with digital devices. Familiarity with languages beyond English is a plus though not a requirement.
October 23, 2017 04:30 UTC
Jimmy Kimmel is so grateful to be able to share this picture. The late-night host’s son Billy was born earlier this year with a rare heart defect called Tetralogy of Fallot. Just days after he came into the world, Billy had to prepare for open-heart surgery. Over the weekend, Kimmel posted a photo of Billy on Instagram and updated fans about the baby’s condition:
October 23, 2017 04:30 UTC
If you haven't yet heard of ASMR (autonomous sensory meridian response), well, things are about to get weird. YouTuber ASMR Darling has over a million subscribers, as does Gentle Whispering ASMR. Over 100,000 users subscribe to the ASMR Reddit channel, and W Magazine even has a series of celebrity ASMR interviews featuring the likes of Margot Robbie and Kate Hudson. In terms of why people seek out ASMR, an overwhelming number (98 percent) of study participants said they used it as an opportunity for relaxation, while 82 percent agreed they used ASMR to help them go to sleep. Whether ASMR will continue to grow and develop as a trend remains to be seen, but authors of the aforementioned study did conclude their research with the suggestion that "ASMR warrants further investigation as a potential therapeutic measure."
October 23, 2017 04:30 UTC
After his 33-year reign on late-night TV, David Lettermen is set to receive the prestigious Mark Twain Prize for Humor. [At David Letterman’s Mark Twain ceremony, comedians decide: To Trump or not to Trump]Norm Macdonald, who performed the final stand-up act on Letterman’s “Late Show” in 2015, arrived to tell the crowd that the Twain Prize was actually still to be determined by their vote. “And no, David Letterman does not stand 7 foot and six, but the point is, he doesn’t have to,” Macdonald said. “That’s Mark Twain rolling over in his grave,” Henderson said. “Patriotism is supporting your country all the time, and your government when it deserves it.”The Mark Twain Prize ceremony will air Nov. 20 on PBS.
October 23, 2017 04:19 UTC
A new partnership between Rolls-Royce and Google will see ships become smarter and self-learning thanks to advanced machine learning algorithms. It will also bring the company’s vision of a fully autonomous ship setting sail by 2020 a step closer to reality. Rolls Royce announced this month that it will use Google’s Cloud Machine Learning Engine across a range of applications, designed to both make today’s ships safer and more efficient, and to launch the ships of tomorrow. Initially the machine learning engine will be used to further train existing AI algorithms designed to power the image recognition systems of vessels. Their learning will now be augmented with massive datasets which are created by Rolls-Royce from cameras, sensors and scanners onboard vessels.
October 23, 2017 04:18 UTC
Newsletter Sign Up Continue reading the main story Morning Briefing What you need to know to start your day, delivered to your inbox. [The New York Times]• The World Health Organization dropped Zimbabwe’s leader, Robert Mugabe, as a “good-will ambassador” after days of widespread criticism. [The New York Times]• Prosecutors in France charged eight men, aged between 17 and 29, in what they called a far-right terrorist plot. [The New York Times]• Conspiracy theorists rejoice: President Trump has said he’ll release the final documents related to the Kennedy assassination. If photographs appear out of order, please download the updated New York Times app from iTunes or Google Play.
October 23, 2017 04:02 UTC
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October 23, 2017 03:56 UTC
Houses are flooded in Kinokawa, Wakayama prefecture, western Japan Monday, Oct. 23, 2017 after heavy rain brought by a powerful typhoon. (Yuki Sato/Kyodo News via AP) (Associated Press)TOKYO — A powerful typhoon caused flooding and landslides along the Pacific coast of Japan, killing at least two people before heading out to sea Monday. Typhoon Lan made landfall in central Japan around 3 a.m. Monday and swept across Tokyo before heading out to sea several hours later off northeastern Japan. The storm delayed vote counting in Wakayama and other parts of western Japan for national elections Sunday. Authorities issued flood and landslide warnings and evacuation advisories to hundreds of thousands of residents ahead of the approaching typhoon.
October 23, 2017 03:48 UTC
Malaysia Airlines is turning to a company insider to tackle one of the toughest jobs in the aviation industry. The struggling airline named former pilot Izham Ismail as its new CEO after it emerged last week that its current boss is unexpectedly leaving. Izham is Malaysia Airlines' fourth CEO in less than three years. Related: Malaysia Airlines just lost another CEOIzham is taking over the task of revamping the struggling carrier from Peter Bellew, who is returning to Ryanair (RYAAY) after barely a year running Malaysia Airlines. Analysts say eventually hiring a local CEO again was always the plan for Malaysia Airlines, which was nationalized after the 2014 disasters.
October 23, 2017 03:45 UTC
The Environmental Protection Agency has reportedly barred three agency scientists from giving talks about climate change at a conference in Rhode Island days before they were scheduled to speak. EPA spokesman John Konkus, a former Trump campaign operative in Florida, provided an emailed statement to The Washington Post and The Hill confirming the cancellations: “EPA scientists are attending, they simply are not presenting, it is not an EPA conference.”Konkus did not respond to an email and text message from HuffPost on Sunday evening. The move comes days after the EPA scrubbed dozens of links from its website to materials that helped local governments deal with the effects of climate change. Administrator Scott Pruitt has said he does not believe greenhouse gases from burning fossil fuels cause climate change, and has scrapped or proposed eliminating numerous regulations to reduce emissions. Two weeks ago, he proposed repealing the Clean Power Plan, the federal government’s primary policy for slashing utilities’ output of planet-warming gases.
October 23, 2017 03:45 UTC
Michael Pezzullo, Secretary of the Department of Immigration and Border Protection, during a Senate estimates hearing at Parliament House. CANBERRA -- A fiery exchange in Parliament over Australian's heavily criticised offshore detention program has lead to the head of Immigration Department Mike Pezzullo joking about torture. Pezzullo was being quizzed by Greens senator Nick McKim in a senate estimates hearing on Monday over the imminent closure of the Manus Island regional processing centre. The government confirms that basic services at its Manus Island prison will be cut off, despite 600 men refusing to leave. Pezzullo claims there the refugees refusing to leave the Manus centre are being "animated" by a "vigorous campaign" by activists that they might come to Australia.
October 23, 2017 03:45 UTC
The business world is constantly changing and now it’s changing at an accelerated speed. American workers no longer have decades to adapt to new technologies or business advancements. People need to be able to adapt—and adapt quickly—if they want to thrive in the business world and not fall behind or become obsolete. “When you have an accelerated pace of change, the single most competitive advantage is to be a lifelong learner,” Friedman says. “Machines when they're put on pause cease productivity, but humans when they're put on pause begin a different kind of productivity,” says Bono.
October 23, 2017 03:33 UTC