Soros CLOSES HEDGE FUND!

After nearly a four-decade run, billionaire George Soros is exiting the hedge funds business, sources are telling Bloomberg.
Soros has decided to cease managing money for outside investors and will concentrate on his family’s private portfolio, according to a letter sent to investors. Chief Investment Officer Keith Anderson is reportedly set to leave to look for other opportunities.
The decision was prompted by new regulations that would’ve forced the hedgie to register with the Securities and Exchange Commission by March 2012, investors were told.

“An unfortunate consequence of these new circumstances is that we will no longer be able to manage assets for anyone other than a family client as defined under the regulations”
New regulations require hedge funds with more than $150m under management to report details about investments, employees and investors, and also makes them subject to possible inspections by the SEC.
"Mr Soros’ decision contrasts with his own reputation as an advocate for both government and corporate transparency."
A spokesman for Mr Soros declined to comment.

The firm will return fund assets to investors by year’s end. The total is believed now to be less than $1 billion. Soros is estimated to control some $24.5 billion through his family holdings and various foundations he’s established over the years.

A new generation of hedgies are coming. Only time can tell how greater transparency and heightened regulation will alter an industry that continues to evolve.

http://blogs.barrons...ry/?mod=BOLBlog

Edited by Rogerdodger, 26 July 2011 - 07:05 PM.

Send an email to Glenn Beck. I see it now, more fodder to rake Soros over the coals...lol The poor old guy is the same age as my parents at 81...

The firm will return fund assets to investors by year’s end. The total is believed now to be less than $1 billion. Soros is estimated to control some $24.5 billion through his family holdings and various foundations he’s established over the years.

The SEC is cracking down on a new level, Soros is just being smart if he is not going to undertake the steps. It is not like he needs the money and the investors are all being returned their money with profits as well.

In the end, I think he did well for himself.

"Mr Soros’ decision contrasts with his own reputation as an advocate for both government and corporate transparency." not at all - nobody asks a company to disclose trade secrets, not even Soros - the kind of disclosure the backward-looking SEC is proposing will look at trade secrets - and Soros knows they will do it selectively. The guy is also 81 - and he is not fighting the rules, he is simply saying "this extra red-tape is more than I need to deal with - I dont need to run money for other people at my age." why should he? he runs enough charities - he doesnt have to run a hedge fund as a charity too. this is the same kind of red-tape that small businesses are suffering, and closing up shop under. As hiring managers like to say - you need people who are "hungry," they will accept stressful/unpleasant/reduced pay jobs - Soros is not "hungry."

Mr Soros, he runs enough charities -

His favorite charity is the current administration. Do not be mislead.

mss

Edited by mss, 27 July 2011 - 05:53 AM.

mss - that is not the case - he criticizes the current admin repeatedly, and is not a major political contributor to them, relative to the likes of the banks etc. relative to the money he puts to work in his real charities, his political contributions are not even a percentage point.

mss - that is not the case - he criticizes the current admin repeatedly, and is not a major political contributor to them, relative to the likes of the banks etc.

relative to the money he puts to work in his real charities, his political contributions are not even a percentage point.

To list his real charities by name would throw this deep into politics and I would have to close it down.
Please read several details of his "real" charities and their agenda. Do not be fooled by some of their titles.

The newest BTW:-- is an effort funded by billionaire George Soros to push for a new, "progressive" U.S. Constitution by 2020. This is part of his "One World Order."

Peace to you,
mss

If you choose to "shut this down" its because you are unwilling to listen to the truth. There is no debate here - just facts. Mr. Soros is a gentleman. He has given billions of his own earned money to helping people. To set up democracy behind the iron curtain. He was instrumental in bringing down communism. 35 million to New York State in 2009 to feed and help poor children. 100 million that same year to central and eastern Europe to help soften the blow to real people resulting from the economic slow down. He is active through speeches and money in the great current movements on death with dignity. He was invaluable in bringing an end to Bush 2 - the regime that started 2 wars, one based on lies, which threw this country in to a recession, squandered the budget surplus and tarnished our reputation in the world. You are right - the list is huge - and impressive. He is a deeply righteous person. His actions do not benefit corporations, like the big right wing donor organizations - like the Koch Brothers, who give less, but give money to maintain immunity and tax breaks to extremely rich corporations and individuals, for example. Soros's donations are aimed at the poor, the sick, the elderly, the frail and those stuck inside of repression regimes. A hero, actually. Thanks for reminding me to look again at this wonderful man and helping to bring out attention to those left in the world who are able to be successful and do the right thing. You will probably "censure" this because it doesn't fit with your bogey man view of this man. Could it be because he's Jewish? Because there really is no other reason to be against such a saint. mm

And Soros loves big oil, just like Halliburton which also is charitable.
They also brush their teeth and love dogs.

At Halliburton, devoting time and resources to charitable causes—wherever our people live and work—has been central to our corporate culture since we were founded in 1919. Whether it is working with Habitat for Humanity to build neighborhood homes, or supporting local youth, the environment or the treatment and eradication of disease, Halliburton strives to make a heartfelt difference in approximately 80 countries around the world. Halliburton helps communities in the following ways:

• Corporate Contributions
• Employee Giving
• Employee Volunteerism
• Halliburton Foundation Inc.
• Charity Golf Tournament

Let's have a love fest as we drill for oil in Brazil!

Could it be because he's Jewish? Because there really is no other reason to be against such a saint.
mm

1) He is not a saint.

2) Jesus Christ was/is a Jew.

3) I love Jesus Christ. Do you??