Tuesday, 31 May 2016
Last updated 3 days ago
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%.