Hedge Funds Are for SuckersSheelah Kolhatkar, Bloomberg Business Week

Hedge funds have been feted for their decades-long ability to make obscene amounts of money beating the market. But the real story of the past few years has been the steady decline of the once-vaunted investment vehicles for the rich.

Let’s Consider Kate: Can We Tame the Banks?John Lanchester – London Review of Books

Mired in scandal and legal issues, yet worth nearly five times the national GDP, the British banking system presents a daunting task for the new governor of the Bank of England, Mark Carney.

Golf in China is Younger Than Tiger Woods, but Growing Up FastBrook Larmer – New York Times Magazine

Banned in 1949 by Chairman Mao, golf in China has been playing catch-up for the past few decades. Now, some portions of the Chinese population have set their gaze upon dominating the popular sport.

In District, Affordable-Housing Plan Hasn’t DeliveredRobert Samuels – Washington Post

In a The Wire-esque takedown, Robert Samuels dives deep into the tragic broken promises of the capital city’s prosperity to deliver hope to its lower income population.

Citi’s World of PromiseSandra Ward – Barron’s

With a new crew at the top -- former Marine Michael O’Neill as chairman of the board and CEO Michael Corbat -- Citigroup has performed incredibly well since a year ago. Should things go according to plan – the bank’s recovery could just be getting started.