With the insider trading cat out of the bag, former colleagues are turning on Galleon Group head Raj Rajaratnam.  (WSJ, Clusterstock)

Are there more hedge fund-related insider trading cases on tap?  (FT Alphaville, 24/7 Wall St.)

The Galleon case emphasizes the ongoing need for hedge fund due diligence.  (Breakingviews)

The return on leveraged ETFs is so path dependent it is hard to say much about their returns.  (Daily Options Report)

A list of “strategies in a box” or actively managed ETFs.  (VIX and More)

The basic premise of most corporate bond indexes is flawed. There has to be a better way.”  (IndexUniverse)

A boom in Asian sovereign bond issuance.  (FT Alphaville)

Country risk is down across the board YTD, with one notable exception, Japan.  (Bespoke)

Everyone is bearish on the US dollar, but valuation models differ on its underlying value.  (WSJ)

Gold can now be used as collateral at the CME.  (Bloomberg)

CME Group (CME) is in talks to buy the Chicago Board Options Exchange.  (Crain’s Chicago Business, DealBook)

Happy 22nd anniversary, Black Monday.  (Crossing Wall Street)

Another example why shorting is more difficult than going long.  (The Money Game)

Some notes from the Great Investors’ Best Ideas symposium.  (Distressed Debt Investing)

“It’s tempting to thinking otherwise, but the future is always unclear.”  (Capital Spectator)

PIMCO wants to get into the active equity business.  (Pensions & Investments)

Investment site kaChing now allows investors to piggyback on the trades of “genius investors.”  (NYTimes also New Rules of Investing, Technologizer earlier Abnormal Returns)

Noted author William Bernstein estimates only 1 in 1000 people are “competent investors.”  (Information Processing via Alea)

Julian Robertson likes gold stocks better than gold.  (market folly)

The banks are risking a populist backlash with their compensation plans.  (Free exchange)

Dr. Copper is not all that impressed with the economy to-date.  (The Money Game)

Just what is the Treasury market saying about inflation?  (EconomPic Data)

The typical excuse for paying traders enormous amounts of money is that if you don’t, they will leave for somewhere else…But after the crisis, the options for someone hoping to leave a major investment bank must have declined.”  (Baseline Scenario)

Thinking of opening a restaurant?  Take a deep breath and just walk away.  (Ezra Klein also Abnormal Returns)

The media and blog aggregators are at odds.  Why are sports blog aggregators get a pass?  (The Big Money)

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