Friday links: LBO loan overhang

Hedge funds are finding it more difficult to borrow. (WSJ.com)

Expect a “long hard winter” for private equity deal making. (Deal Journal)

Banks are cutting prices in order to lower their LBO loan overhang. (naked capitalism)

A certain Omaha-based competitor is entering the municipal bond insurer business. (WSJ.com, Market Movers)

A closer look at the downside of Merrill Lynch’s recent financing plan. (Financial Crookery)

Buy vs. build when it comes to entering a new line of business. (Aleph Blog)

“The market reacts to events. Should you?” (A Dash of Insight)

ETF predictions for 2008. (ETF Trends)

ETF applications just keep getting more interesting. (The Stalwart)

A closer look at the presidential election cycle. (Bespoke Investment Group)

“How do aggregate corporate operating earnings behave over the long run?” (CXO Advisory Group)

What did the SWFs know before their investment bank capital infusions? (Market Movers)

Active management by university endowment affects both investment performance and performance persistence. (All About Alpha)

Yale University’s endowment fund allocations over the years. (Bespoke Investment Group)

Are potential subprime losses being exaggerated? (Market Movers)

Single family home sales are ugly. (Big Picture)

Why Apple (AAPL) needs movie rentals. (GigaOM.com)

A review of Apple’s greatness. (Howard Lindzon)

Have we missed an interesting post in the investment blogosphere? Then feel free to drop Abnormal Returns a line.

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