According to Reuters’ Jennifer Ablan and Matthew Goldstein, the upheaval within billionaire investor George Soros' firm continues as one of his sons is separating some of his personal fortune to manage it himself.
Jonathan Soros, who stepped down in September from day-to-day management of Soros Fund Management LLC, plans to hire at least one of his father's key employees, say two people familiar with the situation. The two sources said Soros' son intends to set up his own family office - something the Soros Fund converted to last year - with the help of David Kulsar, currently chief risk officer for the Soros Fund.
"Jonathan wants to manage some of his own money so the (Soros Fund) family office has made that accommodation for him," said a source familiar with the situation….
Find out more at http://www.reuters.com/article/2012/03/30/us-sorosfamily-hedge-idUSBRE82T19C20120330
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