Wall Street Journal Blogs – Wasim Rehman, the 28-year-old head of risk controls at the hedge fund manager Marshall Wace, has resigned from the partnership and plans to retire from the investment industry.

In a statement to the market this morning, Marshall Wace said Rehman would continue as a consultant to the company, initially full-time as chairman of the firm’s quantitative oversight committee, but then becoming part-time and “thereby fulfilling his desire to pursue other opportunities outside of the industry.”

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Gawker – Ron Insana left CNBC three years ago to run a hedge fund. Like Lou Dobbs and Steven Rattner before him, he learned that actually succeeding in business is not as easy as covering success in business. So now he’s begged a part-time reporting job from his old bosses. At least he’ll be able to share his Wall-Street-insider wisdom with viewers. Just like Jim Cramer!

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Tags: cnbc, gawker, jim cramer, job, lou-dobbs, part time, steven rattner, wall street, wall street insider, wisdom