peHUB First Read
* Six degrees of sandwiches. * Hugo Dixon says that we're now seeing the folly of 2 and 20, when it comes to hedge fund managers. No mention of private equity, probably because it doesn't have the redemption/panicked selling issues that can cause systematic crisis. * Speaking of troubled hedgies: Dallas-based Highland Capital Management is closing its flagship fund. And Perry Capital just laid off up to 30 equities pros. * More job cuts at VC-backed companies in Silicon Valley. And that's in addition to yesterday's AdBrite news. * Ritholtz blows up the notion of correlation between market performance and a sitting president's party. * European stocks rise, U.S. futures drop. Equity Private warns us that this is going to be a very volatile day (speaking of EP, does she still work fulltime at a PE firm? If so, how does she manage to be Carney's quasi replacement at DealBreaker?)
