See Robert Wenzel:
12:33 pm on June 15, 2010Insane Insana: Ron Insana’s Vicious Attack on Ron Paul
Now this is rich.
Ron Insana a failed hedge fund manager just went on CNBC to diss Ron Paul’s investment strategy.
Follow along here.
In March 2006, Insana left CNBC to start Insana Capital Partners, a money management firm that would manage a fund of funds. He closed the firm in less than two years. His return to investors who put money with him was negative 5% .
What is particularly noteworthy about Insana closing shop is that he charged a 1.5 percent management fees and would have taken 20 percent of all profits, if there were any. As NYT put it at the time: