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July 26, 2011

Soros drops clients instead of complying with New Regs. [krak]

Rather than reveal details of just how his hedge fund manages to make money for himself and his few select clients, George Soros has decided to lose the extra profits he makes off of his clients.

He is instead turning the business into a family-only fund, requiring far less transparency to regulators called for commercial hedge-funds under the new Frank-Dodd Act.

His fund has been primarily a family-only fund for some time now, which gives rise to the suspicion that his motivation may be to keep potentially shady business practices from the law & the general public.

posted by Open Blogger at 09:57 AM

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His fund has been primarily a family-only fund for some time now, which gives rise to the suspicion that his motivation may be to keep potentially shady business practices from the law & the general public. posted by Open Blogger at 09:57 AM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments JackStraw: ">>Yeah, right AfD wants safety and security for it ..." grammie winger - cheesehead: "He wasn't a Muslim, then? Just a guy who liked to ..." fd: "Mostly peaceful Muslim. Mostly. ..." 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