George Soros Quits Hedge Fund

    US-Hungarian businessman George Soros, chairman of Soros Fund Management gives a TV interview during the United Nations Climate Change Conference in Copenhagen on December 10, 2009. Environment ministers sought to boost UN climate talks after the marathon meeting ran into turbulence, including a tough exchange between the United States and China. AFP PHOTO DDP/ AXEL SCHMIDT GERMANY OUT (Photo credit should read AXEL SCHMIDT/AFP/Getty Images)�

    Axel Schmidt / AFP-Getty Images

    After a storied four-decade run, billionaire hedge-fund manager George Soros is calling it quits, according to Bloomberg News. Soros will give back capital from outsiders by the end of the year and will manage only his own billions, the report stated. His chief investment officer will be departing. Soros’ pullout comes as financial regulations increase on hedge funds. Traditionally, the funds have been minimally regulated. During the past 30 years, Soros says, he has given more than $8 billion to funds that foster democracy and free speech.

    Read it at Reuters