Monday, 2 March 2015
Last updated 5 min ago
Apr 19 2013 | 11:18am ET
George Soros and Mark Twain now have something in common: greatly exaggerated reports of their deaths.
The Soros Fund Management founder was reported by Reuters yesterday evening to have died. The 82-year-old hedge fund billionaire, however, is very much alive.
That Reuters had made an error was perhaps apparent by the placeholders used for Soros' age and date of death. "George Soros, enigmatic financier, liberal philanthropist dies at XX," the headline read. The obituary itself opened, "George Soros, who died XXX at age XXX, was a predatory and hugely successful financier and investor, who argued paradoxically for years against the same sort of free-wheeling capitalism that made him billions."
The obituary remained online for more than an hour before it was replaced by a correction.
"Reuters erroneously published an advance obituary of financier and philanthropist George Soros," the mea culpa reads. "A spokesman for Soros said that the New York-based financier is alive and well. Reuters regrets the error."
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…