Soros Fund Management cuts employees after closing to new investments

January 8th, 2012
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Soros Fund Management, the hedge fund founded by George Soros, cut a number of stock analysts and portfolio managers in the last quarter of 2011 in a continued downsizing effort that started with the announcement that the hedge fund would no longer manage money from outside investors.

According to an article on Reuters, the move was overseen by newly installed Chief Investment Officer Scott Bessent, who returned to Soros Fund Management in September almost ten years after leaving to found his own hedge fund. Mr. Bessent will oversee the management of the Soros family’s personal fortune, which remains one of the largest hedge funds in the world with over $25 billion in assets under management.
For Detailed Investor Profiles on these Investors, click below:
Soros Fund Management
Related People: George Soros; Jeff Eberwein; Robert Donald; Robert Soros; Scott Bessent; Zameer Arora
Related Entities: Pharos Financial Group (seeded) ; Quantum Emerging Growth Fund; Quantum Fund; Quantum Group of Funds; Soros Capital LP; Soros European Equity Fund; Soros Quantum Endowment Fund
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Jobs, Hirings and Firings

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by big lose on May 8th, 2012

This is definitely a big lose here. I really hate it for the employees here. SO much work needs to be done.
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