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.
“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.
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I know at least one who made a similar transition: John Dorfman, a former Wall Street Journal reporter. He worked with David Dreman for a while and then set up his own shop. He still keeps his hand in journalism by writing columns for Bloomberg News. So this wouldn't be unprecedented.