peHUB First Read

* It's the classic tale: Boy gets MBA from NYU. Boy gets convicted of financial chicanery. Boy gets MBA revoked. Boy sues NYU. * Eric Schmidt: "The best and brightest from around the world come to study at U.S. universities. After graduation, they are forced to leave because they can't get visas. It's ridiculous to export such talent to our competition." * Big private equity news of the day is Pantheon Ventures being acquired by AMG for $775 million plus earn-outs. It's not like Pantheon was independent to begin with (Russell Investments is the seller), but this is still a major move at a major pricepoint. In fact, it's AMG's largest-ever acquisition. * Morning Call: U.S. futures point higher, London rises early, European shares gain on financials, the Nikkei closes up 0.3% and both China and Hong Kong shares rise. * David Reilly argues that America could benefit from losing its AAA rating. * How many placement agents does it take to raise a PE fund? In the case of Ares Management, the answer might astound you. * Fisker Automotive is pulling out of Michigan just before its stimulus payday. Where's Jeff Daniels when you need him?