We found a number of items on hedge funds and private equity including some commentary on the evolution of these funds.

Emma Trincal at TheStreet.com notes that in the push to get into new hedge funds with pedigreed managers, investors are now willing to sign up for what amounts to a four year lockup. Good work if you can get it.

It seems that hedge funds and private equity firms seem to be tripping over each other all over the world. Alison Tudor and Tony Munroe at Reuters.com note that in Japan the two investor groups seem to bumping up on another for deals.

InstitutionalInvestor.com cites some statistics that detail how some college endowments have gone ga-ga for hedge funds.

DealBook cites some disturbing news for the private equity market. Then again for hedge fund investors this news might be just as disturbing.