Are private equity firms running out of viable buyout targets? (via

Management of PDL Biopharma (PDLI) comes under attack by hedge fund activist Daniel Loeb. (via DealBook & FT Alphaville)

John Carney at on just who should be overseeing hedge funds.

The Economist asks, “Is low volatility making the world too complacent about risk?”

Barry Ritholtz at the Big Picture on what historical bear market contractions look like.

Randall W. Forsyth and James Picerno on the state of Fed policy and the bond market.

Demand for inflation protection, via TIPs, is on the upswing. (via FT Alphaville)

Vikas Bajaj in the New York Times on one trader who is profiting from the subprime mortgage market meltdown.

Caroline Baum at on the search for the blameworthy in the subprime mess.

Jon Markman at MSN Money looks at energy-focused master limited partnerships (MLPs) as the “new REITs.”

All About Alpha has part two of their interview with Thomas Schneeweis on the question of what ‘alpha’ really measures.

Greg Newton at NakedShorts on a private equity rumors and the return of a “uranium trader.”

What exactly is the role of gold in today’s global economy? (via FT Alphaville)

Charles E. Kirk at the Kirk Report has tracked down an interest list of fifty trading rules.

Curtis M. Faith at Way of the Turtle on mixing fundamental and technical analysis.

Financial page points us to a new William Bernstein essay.

Felix Salmon makes the bullish case for New York real estate.

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