peHUB First Read

* When private equity limited partners fail. * Barry Ritholtz: Fixing the SEC. * Vanity Fair visits with Marc Dreier, the former litigator on his way to prison for stealing more than $300 million from hedge funds. You might remember Dreier as the guy who got busted after attempting to "impersonate a Canadian pension-fund lawyer as part of a scheme to sell bogus securities to... Fortress Investment Group." * Morning Call: U.S. futures point higher, London rises early, European shares rise on pharma and financials, the Nikkei climbs 0.3% and Hong Kong falls in thin trade. * Goodbye to Solomon Brothers * Want to buy the Terminator franchise? (Arnold not included) * Mark Suster: The great VC ice age is thawing (for now)