Mark Gilbert at Bloomberg.com recasts the financial world in bovine terms.

Jenny Anderson in the New York Times on the fine line hedge funds walk between performance and publicity.

It looks like the Fortress Investment Group (FIG) IPO went off without a hitch. (via Marketwatch.com)

A big investor thinks hedge funds charge too much for too little. (via Bloomberg.com)

All About Alpha on research into seasonality in hedge fund returns.

Goldman Sachs (GS) pulls ahead in the PE fund raising race. (via FT Alphaville)

The complexity of the credit derivatives market is making “heads swim.” (via DealBook)

Is the sub-prime market the first shoe to drop? (via breakingviews.com)

Jeff Matthews listened to a very bad quarterly earnings conference call.

Barry Ritholtz at the Big Picture with some first-hand perspective on the forthcoming CNBC vs. Fox Business News showdown.

Ramsi Khamsi at the NewScientist.com on research that uses brain scans to “…read a person’s secret intentions…”

John C. Bogle in the Wall Street Journal on whether ETFs really are “…a dream come true for investors?”

Is Abnormal Returns (and other financial bloggers) getting ripped off? Yes, but unfortunately any one who publishes a RSS feed is at risk of the “splogs”, and the time required to track down each abuse is too costly in terms of time and effort. Thanks to the Value Blog Review for noting the issue.

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