(NY Times DealBook Blog) Only a few years ago, it seemed so easy to start up a hedge fund. So easy, in fact, that Ronald G. Insana, then one of CNBC’s best-known anchors, tried to get in on the action with his fund of hedge funds.
But now that Mr. Insana has been forced to shutter his fund, his story is a cautionary tale for those who may be considering hanging their own shingle, Andrew Ross Sorkin writes in his latest DealBook column.
While Mr. Insana’s arrested foray into the world of hedge funds isn’t a large-scale flameout, Mr. Sorkin says, it’s an increasingly familiar storyline about the real hardships of running a hedge fund.
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