George Soros, the famed investor who broke the Bank of England and came to represent the swashbuckling style of hedge fund managers and then their entry into the world of global affairs, has decided to return money to outside investors in his hedge fund.THIS IS LIKE IMMELT OF GE - WHICH IS CLOSING ANOTHER PLANT IN THE USA TO RE-OPEN IT IN CHINA.
Mr. Soros is the latest hedge fund magnate to forgo managing the money of outsiders in favor of his own, though the move is more symbolic than substantive. Of the roughly $26 billion the fund manages, less than $1 billion belongs to outside investors.The decision comes as the Obama administration has been taking steps to bring the secretive hedge fund industry into the regulatory fold. Soros Fund Management will become a so-called family office, defined as an entity managing an individual family’s money. The move will enable it to avoid impending hedge fund regulations like registration, according to a letter the fund sent to investors on Monday.
THIS IS LIKE MICHELLE OBAMA , WHO RANTS ABOUT DIETING THEN HAS aA 1700 CALORTIE LUNCH AT THE SHAKE SHACK.
THEY'RE A BUNCH OF HYPOCRITICAL LYING LEFTIST SCUM.