Friday links: get a job

Talk about getting more than you bargained for…two hedge funds now control SemGroup Energy Partners LP (SGLP). (WSJ.com)

KKR’s “IPO” is anything but. (DealBook also Economist.com, Deal Journal)

Private equity firms keep finding out that the hedge fund biz is harder than it looks. (FT Alphaville also Epicurean Dealmaker)

Carl Icahn is now on the other side of the bargaining table. (Deal Journal, DealBook)

On the relationship between P/E ratios and inflation. (Crossing Wall Street)

How did the Global Market Portfolio Index perform in July? (Capital Spectator)

“The Next 11” a re-shuffling of the global economic deck yields new winners. (ETF Trends)

How to construct an “I Give Up” on stock market volatility portfolio. (TheStreet.com)

The providers of inverse ETFs were helped by the SEC order to restrict naked short selling. (NakedShorts)

Want to make your name as a securities analyst these days? Be as gloomy as possible. (Economist.com)

“This bear market will likely put an end to some CNBC regulars.” (Howard Lindzon also Infectious Greed)

Good advice: “get a job and trade on the side.” (Bill Rempel)

A recession is nearing, but not yet here. (Econbrowser, ibid)

The housing bust is a global phenomenon. (Infectious Greed)

The window for new digital media companies is increasingly narrow. (Slate.com)

In response to ‘pure drivel.’ (Free exchange)

The Blogger as DJ. (The Stalwart)

Have we missed an interesting post in the investment blogosphere? If so, feel free to drop Abnormal Returns a line.