Who is Ron Insana Going To Bump On CNBC?

March 6, 2009 3:39 PM EST

The wanna-be hedge fund guru, Ron Insana, whose entry into the hedge fund industry marked the top in the sector, is now returning to media, where he doesn't have to worry about putting his own money on the line. This is a more familiar and comfortable position for Mr. Insana. On the positive side, by launching a FoF and working at a hedge fund, Ron now has a new market perspective that will surly help viewers that tune into his new, potential daily show.

Ron was once most famous for showing up on air without his toupee that he had been previously wearing for over 15 years. Now, he's the poster boy for the market top, after he left CNBC to launch his own fund of funds (where he would raise money and allocate the money in a diverse set of other hedge funds), but closed up shop quickly thereafter. One thing Insana did have was access to money managers, so in his position as FoF manager, he'd be able to get his investors into the top hedge fund managers' funds. However, as the market got heavy, it became harder for Insana to hit his marks, and thus, had to close his doors. Next, he became an exectuve at Stevie Cohen's SAC Capital. That lasted for almost 7 months, but now it looks like he is returning to his real home, tv commentator on CNBC.

Insana used to be a big-wig at CNBC and had his own show during the market's most important hour, the last hour of trading, 3 to 4PM. Currently, that hour is occupied by the popular Erin Burnett so he'll likely take a different segment or they'll move Erin to a different hour. I looked through CNBC's daily schedule and, in my opinion, Ron Insana will likely replace Larry Kudlow as host of The Call which takes place between 11am to 12pm. I can't see any other show being cut and Kudlow already has his own evening show, The Kudlow Report.

Well, welcome back Ron Insana, we look forward to hearing your pithy thoughts on these crazy market.

Stocks Mentioned

Related Entities

• SAC Capital
• Steven A. Cohen
• Lawrence (Larry) Kudlow
• Ron Insana
• Hedge Funds

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