Insana to start money management business

The New York Post’s Roddy Boyd is reporting that former CNBC anchor Ron Insana is getting ready to launch his own money management operation called Insana Capital Partners.

Boyd wrote, “The strategy of his latest venture, according to Institutional Investor Magazine’s Alternative Investment News, appears to be based on relationships he has developed with the leading lights in the hedge fund world. Insana could not be reached and his fund’s Web site is still under construction.

“A longtime fund-of-funds manager based in New York City, when informed on Insana’s plans, was skeptical.

“‘[Insana] no doubt has a good reputation and profile, which might help him gather assets,’ he said. ‘But he has to sell something other than access.'”

Read more here. I’ve heard of business journalists becoming analysts, and was once even made the same offer, but never known a business journalist to make the transition into money management. I do know some former business journalists who work for hedge funds as analysts.