Thread: George Soros Retiring

Soros to End Four Decades as Hedge Fund Leader by Returning Investor Cash

tweet17EmailPrint..Katherine Burton, On Tuesday July 26, 2011, 7:08 am EDT
George Soros, the billionaire best known for breaking the Bank of England, is returning money to outside investors in his $25.5 billion firm, ending a career as hedge-fund manager that spanned more than four decades.

Soros, who turns 81 next month, will hand back the money, less than $1 billion, by the end of the year, according to two people briefed on the matter. His firm will focus on managing assets solely for Soros and his family, according to a letter to investors. Keith Anderson, 51, chief investment officer since February 2008, is leaving, said the letter, signed by Soros’s sons Jonathan and Robert, who are co-deputy chairmen.

“We wish to express our gratitude to those who chose to invest their capital with Soros Fund Management LLC over the last nearly 40 years,â€

Ducking the new banking regulations.

Now he will probably devote even more time to destroying the US.