Brodsky, CBOE Chairman Who Took Exchange Public, to Resign – (Bloomberg)

Goldman Sachs cuts equities to ‘neutral’, upgrades commodities – (Reuters)

The S&P 500 is the World’s Largest Momentum Strategy – (A Wealth of Common Sense)

“Accessing Emerging Hedge Fund Returns — Seeking Return Over Size” – (Yahoo Finance)

Germany’s School for Central Bankers Draws Risk-Averse Crowd – (WSJ)

Counting Down Debt – (fractalters)

How the Sykes-Picot Agreement Helped Make a Messed-Up Middle East – (Time)

Chicago’s Pension-Fund Woes Just Became $11.5 Billion Bigger – (Bloomberg)

Just for Fun:

A Cheese Glut Is Overtaking America – (WSJ)

The one thing rich parents do for their kids that makes all the difference – (The Washington Post)