The Smart Money in Idaho

The deep pockets of American capitalism were in Idaho last week, for the Allen & Co. yearly powwow. Apparently the investment bank's annual conference attracts the bigwigs and has been the breeding ground of several deals. Andrew Ross Sorkin reports in his DealBook on this annual conference of big-time financiers. Why am I not surprised that this year's invitation only conference was filled with private equity players (much different than the past)? Interesting to me was the fact that uber-raider Carl Icahn was not present.