Soros to End Four-Decade Hedge-Fund Career


George Soros has announced that he will convert his hedge fund, Soros Fund Management, into a family office by the end of 2011. The decision to close the hedge fund and no longer manage money for outside investors will not have an impact on the Open Society Foundations.

"The Foundations will continue to operate at similar levels for the foreseeable future," assured Aryeh Neier, President of the Open Society Institute. 

For those who are interested, Bloomberg has an article online detailing the impending change at Soros Fund Management.


The foundation works to help develop open society in Estonia and other countries