Soros Kicks Investors Out of His Hedge Fund

He'll manage exclusively family assets from now on
By Kevin Spak,  Newser Staff
Posted Jul 26, 2011 10:15 AM CDT
George Soros Kicks Investors Out of His Hedge Fund
Chairman of Soros Fund Management, USA, George Soros, speaks at the Seehof hotel on the sidelines of the World Economic Forum in Davos, Switzerland on Wednesday, Jan. 26, 2011.   (AP Photo/Michel Euler)

From now on, George Soros’ hedge fund is strictly a family affair. The billionaire has decided to oust all outside investors from the fund, in order to duck new federal regulations requiring hedge funds to register with the SEC, Bloomberg reports. From now on, the fund will manage Soros’ own money and that of his family. The move is mostly symbolic, however—less than $1 billion of the fund’s $25.5 billion in assets belonged to outsiders. (More George Soros stories.)

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