New York Times Blogs – A closely watched report by Goldman Sachs found that hedge funds made an outsize bet on financial stocks in the second quarter, The Wall Street Journal reported.

The Goldman “Hedge Fund Trend Monitor” said hedge funds increased their ownership in financial stocks by 55 percent to $70 billion, compared with the previous quarter.

Read Complete Article

Tags: dealbook, financial stocks, goldman, goldman-sachs, hedge fund, hedge funds, New York, new york times, second-quarter, wall street

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.

Read Complete Article

Tags: cnbc, cnbc news, dealbook, foray, fund-of-hedge-funds, investors, managing director, money, news anchor, ny times, ron insana, sac capital, six months