peHUB First Read

Some links to kick off your Wednesday:

* If Charlie Rangel plans to use private equity profits as a patch for AMT, what happens if returns come in below his expectations? Perhaps subsidies for big buyouts?

* Dubai buys into Och-Ziff. Here’s more.

* Paul Kedrosky is at the other Davos.

* The New York State Common Retirement Fund plans to up its communitment to emerging managers to $1 billion over the next several years.

* VC-backed ZipCar plans to merge with FlexCar. Here is more.