kate kelly and ron insana who both used to work at s.a.c. are here., you're getting new information about folks who have left the firm or are planning to >> that's right, tyler. just within the last couple of days, emile stevens who ran a nine-person team called parameter capital has decided to leave the firm and they will start their own fund. i've been told this was in the works for a while but it doesn't mean it's unconnected to the legal situation, of course. the firm was indicted a couple weeks ago but the fact that they were under investigation and more tough times may be to come has been in the works for a while. >> what do we know or anticipate about redemptions as this deadline looms friday in. >> so, friday is the deadline for the third quarter meaning folks will get their money back by september 0th or start the process by then. they will get all the money back. right now s.a.c. has a very small fraction of the outside capital they once had. had more than 5 billion at one point and close to 6. now i'm told they have 1 billion or a little bi

give me a break. >> ron insana is not -- mine's r. insana. >> i can't use mariabartiromo@gmail.com.ome guys says he is. i have to use a different one. >> maria, let me make one other point. >> all right. final point right here. >> the whole activist thing going on now where carl icahn's demanding apple pay out maybe $150 billion in cash and buy back stocks, you know, buy back stock, this is a version of the 1980s game played that will ultimately be deleterious against the corporations. and the guys know the public pressure on a company, it's in the form of green mail, and a new package, and this is an additional risk the market may face. >> that has nothing to do with twitter. >> i was making a separate point, yes, i know that. thank you for clearing that up. >> it's really a rich subject to continue to discussing. we will. we'll see you soon, gentlemen. thank you. >>> up next, diamonds and dogs. two different passions, two different kinds of investments. coming up, diamond dealer to the uber rich, graff holding ceo will be with me, telling how the market for precious jewels is hold

rhetorical bluster didn't bring oun osama bin laden, actual intelligence and aggressive maneuvers ron insanaof pakistan did. i don't think the former dictators in libya or in egypt would think that this president has been weak. i think what we've seen is a president who has tried to get the united states to conform and comport with the sort of moral standing that -- >> i don't think -- now i feel i need to counter on the other side, because the fact of the matter is barack obama has adopted policies that i think have actually been less targeted. he will fire drones into countries where we aren't even at war. when we had a plan, a policy, a program that would allow us to go and snatch terrorists out like khalid sheikh mohammed. bring them out without killing their 4-year-old daughters, without killing their grandmothers, without killing everybody in the general vicinity. and i've got to say, nothing that he has done has made us comport to international standards more than under george w. bush or dick cheney. in fact, you look at a lot of these countries, and america's approval ratings lower t

and our own ron insana, who has worked extensively in the hedge fund industry, as well.elcome. thank you for joining us. i mean, is it as just as simple as econ 101, when there's more competition, it drives prices lower? is that what's going on? >> that's essentially it. you're exactly right. the other factor that's really affecting it is large institutions are entering, and they're giving larger allocations. so it is econ 101, both in terms of more competition, but also more assets coming in and then able to demand that they get fee discounts. >> yeah, what about performance, ron? isn't that part of it? a lot of the hedge funds have been underperforming just the basic averages as investors go for the indexes and etfs. they'll have to give back, right? >> well, i don't know if they have to, maria. >> they don't have to but -- >> they don't have to. it will be a multitiered process. when you see newer funds come to market, when you see funds without the spectacular returns, there mighting some discounting. it has to be across and available to all investors in a single fun

. >> i started writing winners and losers for ron insana and kathleen campion. was riding one, eight times a day, i would write winners ands doers. >> i started off xerox and stapling. >> a new report finds home values are rising, but millions are still drowning in debt. online real estate company zillow says more than 3 million u.s. borrows are now above where their mortgages were. so -- but, due it home appreciation, it is pointed out in the piece, just getting back to even or a little bit above doesn't allow you really to feel like you should sell. you just don't do it. now, the people that are really below are still way below. 24% of home owners with a mortgage of more than their homes are worth still and more than half of those underwater are more than 20% or more. those are the places where they bought right at the top and some of these hot areas and down so much. so roughly 1 in 7 owes more than twice what their home is worth and no way -- >> the question then is not only do you not sell -- do you let it go? >> right. depends how much help i count on. >>