George Soros' hedge fund closing to outside investors, returning $750 million ... - Washington Post

The letter from Soros' sons, Jonathan and Robert, cites new hedge fund regulations as the reason for the closure to outsiders.

The company manages $25.5 billion, with $750 million for outside investors. The rest is managed for the Soros family by the family-run, New York-based company.

The letter also says that Soros Fund Management's chief investment officer, Keith Anderson, is leaving as the fund closes to outsiders.

The developments were reported earlier by Bloomberg News.

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