Pre-Marketing 4.7.11

* Dominic Jones: Demand for Twitter-based hedge fund exceeds expectations

* Charlie Munger tries to explain his BYD stake (interview takes place from under a bus driven by David Sokol)

* Morning Call: U.S. futures flatten, London opens strong, European shares climb on financials and the Nikkei edges higher.

* LeBron James, soccer mogul?

* Richard Irving: Restructuring VC portfolios to spur job creation

* Victoria Howley: Spanish cajas are a “feast” for investment bankers

* SCVNGR founder Seth Priebatsch: How local deal sites should really work

* GSTrUE, the private exchange set up in 2007 by Goldman Sachs (GS), is officially withering on the vine.

* Tweet of the Day: @pegobry Question: does GE consider paying some federal income tax as a PR expense?

* Cheat sheet: Pete Peterson Foundation provides a handy summary of what’s in Rep. Paul Ryan’s budget proposal (you know, the buzzy one that’s dead on arrival).