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.
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