Soros Lays Off Several Analysts, Portfolio Managers

Dec 16 2011 | 4:37pm ET

Now a family office, Soros Fund Management is tightening its belt. The New York-based firm, which earlier this year returned outside capital to investors, has laid off several analysts and portfolio managers.

The job cuts have come over the past several months, following the $25 billion firm's hiring of Scott Bessent as chief investment officer in September. The analysts laid off covered stocks, Reuters reports.

Soros said that the layoffs are part of the normal course of business. The cuts at the firm, which has about 300 employees, were not especially large, according to Reuters.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


Hedge Funds Swarm Into Palm Beach

Oct 27 2016 | 2:32pm ET

As the first flakes of snow fall on New York's northern suburbs, Dan Weil of South...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...