Soros To Retire, Turn Hedge Fund Into Family Office

Jul 26 2011 | 12:12pm ET

Soros Fund Management, one of the oldest, largest and most successful hedge funds in history, will return outside money to investors and become a family office.

Client assets at the New York-based firm currently account for less than $1 billion of the $25.5 billion that it manages. But the transition means the effective retirement of George Soros, the legendary investor who will turn 81 next month, and the exit of his top money manager, Keith Anderson.


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