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Nov 21 2011 | 12:11pm ET
Richard H. Medley, a former partner of billionaire George Soros and the founder of hedge-fund advisory firms has died at age 60.
A statement from his firm, RHM Global, said Medley died Nov. 16 at New York Presbyterian Hospital/Weill Cornell Medical Center after a brief illness.
Medley’s financial market and political analysis reports had a wide following on Wall Street. In 1995, he founded the New York-based hedge fund adviser, Medley Global Advisors, which he later sold to Boston Ventures Management and Castanea Partners. Medley later founded RHM Global.
Prior to founding his own firms, Medley had worked as a partner, managing director and chief political adviser at Soros Fund Management. He was also chief economist for the U.S. House Banking Committee and chief of staff for the Senate Democratic leadership, according to the RHM statement.
His funeral will take place on Nov. 21 at Brick Church in New York.