StreetInsider.com – Former CNBC news anchor Ron Insana reportedly will be leaving Stevie Cohen’s SAC Capital. This move should all but put an end to Insana’s foray into the hedge fund world.
Ron Insana decided to leave SAC Capital only six months after he was hired as managing director, according to the NY Times DealBook. Insana’s last day at the fund will be on February 27th.
Insana came to SAC after the fund-of-hedge-funds firm he launched, Insana Capital, failed after not raising the money he envisioned and not meeting the returns Insana and his investors expected.