Soros Lays Off Several Analysts, Portfolio Managers

Dec 16 2011 | 5:37pm 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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...