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Google To Refund "Fake Traffic" Advertising Revenue

In a tacit admission that it remains riddled with ad fraud, the WSJ reports that Google is issuing refunds to advertisers for ads bought through its platform that ran on sites with fake traffic as the company hopes to develop tools to give buyers more transparency about their purchases.

These Are The Top 50 Hedge Fund Long And Short Positions

In an unexpected turnaround, for once hedge funds aren't sucking (if still underperforming both the S&P and the average mutual fund): for those who believe in piggybacking, here are the Top 50 most popular longs and shorts within the HF community.

What David Tepper Bought And Sold In Q2: The Full Breakdown

What was most notable about Tapper's Q2 holdings is that in addition to boosting several key tech names, as well as opening a new $500+ million position in Alibaba, he took his total long equity holdings to just over $6.7 billion as of June 30, up from $6.1 billion at the end of March, the highest net long exposure since September 2014.

Viking Returns $8 Billion To Investors As CIO Departs

Viking Global Investors, one of the world's largest hedge funds founded in 1999 by Andreas Halvorsen, is returning about $8 billion to investors as CIO Daniel Sundheim departs to pursue his own business interests, Bloomberg reports.

The First Crack Appears In The Second Tech Bubble

In the loudest alarm yet that the second tech bubble may be about to pop, investors pulled more than $716 million from the most popular tech ETF - the XLK- last week, its largest weekly outflow in over a year.

RBC: Welcome To "The Insanity Loop"

"It's a classic 'pennies in front of a stream-roller' / 'negative skew' return profile - a Taleb distribution...The problem is….IT KEEPS WORKING, because market expectations for rates / curves / inflation expectations remain D.O.A., which perversely keeps the major global central banks 'reflexively easy'..."