Wall Street Roundup: Winning through sinning. Lashing out at Pimco.

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Market stumping hedge funds. Along with the retirement of hedge fund giant Stanley Druckenmiller, other hedge fund managers have been sending out letters to clients showing little of the confidence that has driven them to oversized returns in the past.

Eclipse of the quants. The New York Times looks at how quants, the math-centric investing heroes before the crisis, have been pushed aside since the crisis.

Winning through sinning. A stock fund that focuses on companies involved in smoking, drinking and gambling, the Vice Fund, is finding ways to beat the market.

After the Bear. One of the two Bear Stearns hedge fund managers who was put on trial and acquitted is living a much simpler life in New Jersey these days, driving a Honda instead of a Porsche, the New York Observer finds.

Lashing out at Pimco. While the Newport Beach-based investment manager generally wins admiration from other investors, former Reagan administration official David Stockman takes on Pimco on Friday, accusing it of exercising undue influence on the mortgage market.

--Nathaniel Popper