The News: Going Off on Their Own

Via a slide show, BusinessWeek gives us good examples of businesses Wall Street veterans have started in recent years. They range from financial firms to, well, cupcakes. Whatever their focus, they show the possibilities that are around, even in this economy.

From Wall Street to Main Street [BusinessWeek]

Tough Times Call for New EntrepreneurshipEfforts [GigaOm]

And...

Many Hires Needed for Budget Goals [Washington Post]

Get your next mentor by being slightly annoying [Penelope Trunk]

Merrill's $10 Million Men [WSJ]

The Formula That Killed Wall Street [Slashdot]

Will state pension costs bankrupt us? [The Deal]

Not everyone's retirement fund is at risk.

People

Lynnett Berger Named CIO of Nationwide Funds [Nationwide via BW]

BondDesk Group Appoints Lili Delalat Head of Technology [BondDesk via BW]

Oppenheimer Hires Belski As Strategist [CNNMoney]

UBS' Cooper to Be Co-Chairman of M&A at Deutsche Bank [Deal Journal]