Use access key #2 to skip to page content.

lquadland10 (< 20)

Soros:One of the men who set this up over the past half century. .

Recs

12

July 26, 2011 – Comments (2) | RELATED TICKERS: GS , GLD , GPL

I guess he did not want to pay higher taxes like he was telling his puppet my president to do. However the sly fox gives another reason. Yep. No to Frank Dodd bill. Yes to glass stiege. But then again no one listens to me that has the power to change thing. I believe that the man would have been charged with something because he did not want to be exposed by who the outside investors were.

Soros’s sons said they took the decision because new financial regulations would have made it necessary for the firm to register with the Securities and Exchange Commission by March 2012 if it continued to manage money for outsiders. Because the firm has overseen mostly family assets since 2000, when outside money accounted for about $4 billion, they decided it made more sense to run it as a family office, according to the letter.

The rule calls for hedge funds with more than $150 million in assets to report information about their investors and employees, the assets they manage, potential conflicts of interest and their activities outside of fund advising. Registered funds will also be subject to periodic inspections by the SEC.

We have relied until now on other exemptions from registration which allowed outside shareholders whose interests aligned with those of the family investors to remain invested in Quantum,” the executives said in the letter, referring to its flagship Quantum Endowment Fund. “As those other exemptions are no longer available under the new regulations, Soros Fund Management will now complete the transition to a family office that it began eleven years ago.”

Druckenmiller’s Move

Soros, who controls more than $24.5 billion for himself, his family and his foundations, declined to comment on the letter. Last year, Stanley Druckenmiller, Soros’s chief strategist from late 1988 until 2000, closed his money- management firm, Duquesne Capital Management LLC, and created his own family office.


Read more: Soros Returns Client Money to End Four-Decade Hedge-Fund Career
Important: Can you afford to Retire? Shocking Poll Results http://www.gurufocus.com/StockBuy.php?GuruName=Stanley+Druckenmiller  http://online.wsj.com/article/SB10001424052748703864204576317612323790964.html
 Forget the fact that congress put Social Security which at one time was separate into the general fund thus robbing SS and now say we must fix it. They should have left it on the off balance sheet.There would have been enough money for decades. No Congress wanted the Budget to look better than it is. What would happen to the Budget if we Backed out the SS and Medicare Payment? What would the read budget short fall be? Would a Fool here answer this for me?  

 

Soros Returns Client Money to End Four-Decade Hedge-Fund Career
Read more: Soros Returns Client Money to End Four-Decade Hedge-Fund Career
Important: Can you afford to Retire? Shocking Poll Results
Soros Says Financial Crisis Marks End of a Free-Market Model

Maybe gold went down these last few months is because he was ending his hedge fund. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ay0FPxGdth_k&refer=home

Then this man is now going to make his family rich and that is good. 

 

Humm he reminds me of oh what was that guys name? Oh yes Madoff. While Quantum has returned about 20 percent a year, on average, since 1969, when its predecessor was started, according to a person familiar with the firmthe fund’s performanc, e has suffered in the last 18 months. In the first half of this year, Quantum lost about 6 percent, the person said, following a gain of 2.5 percent in 2010. Other macro funds have returned 5.6 percent in the last year-and-a-half, according to Chicago-based Hedge Fund Research Inc.


Read more: Soros Returns Client Money to End Four-Decade Hedge-Fund Career
Important: Can you afford to Retire? Shocking Poll Results http://www.tickerspy.com/pro/Soros-Fund-Management?refer=blog_5337_soros#id_6_months  It has been said that it is better for a guilty man to get off than one innocent man to be put in prison. This man and his family and investors have a lot of Bad Karma to work off. 

 


 

 

 

2 Comments – Post Your Own

#1) On July 26, 2011 at 12:14 PM, leohaas (31.90) wrote:

No. This has nothing to do with "higher taxes". This is about newly required disclosures for funds that manage other people's money. Nothing else. If you just manage your own money, there isn't anything to disclose to your investors! It really is that simple.

Sorry. I know you hate Soros. Feel free to speculate. Believe what you want to believe. But in this case, you are overreaching.

Report this comment
#2) On July 26, 2011 at 12:29 PM, lquadland10 (< 20) wrote:

leohass. Thank you. Simple yes but more revenue destruction for the USA. You are wrong. I do not hate Soros. The man means nothing to me. However you did not answer the question of if we take the Money from SS and Medicare how bad is the budget really. Not the fake amount of Gov. using it to say see we don't borrow as much because we cut the budget.

Report this comment

Featured Broker Partners


Advertisement