Soros Up Just 2.6% In '10

Feb 24 2011 | 9:52am ET

Soros Fund Management's flagship hedge fund had its worst year in eight in 2010, returning just a quarter of what the average hedge fund returned.

The $28 billion Quantum Endowment Fund rose just 2.63% last year, Institutional Investor reports. By contrast, industry averages show the average hedge fund rose about 10% on the year.

Last year's performance was Soros' worst since 2002, when it lost 1.72%.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…