Hints and tips:
...The vast majority of SFM’s $25bn AUM belongs to OSF....
...SFM UK Management could not be reached for comment. Soros Fund Management did not respond to a request for comment....
...However it also noted that there was no evidence that SFM had acted in bad faith. SFM could not be reached for comment on the matter....
...SFM gave Mr Bessent the title chief investment officer in order to lure him back, and is not immediately planning to replace him in the role....
...Since he joined, however, SFM has undergone a significant shift in direction....
...Quite what has piqued SFM’s interest in the company remains unclear. A spokesperson for the firm did not respond to a request for comment. Many other hedge funds have taken a negative outlook....
...Mr Bessent was formerly one of SFM’s most senior employees....
...Bloomberg reports Tuesday morning that Soros Fund Management LLC will no longer be investing non-family capital and will be returning less than $1bn to investors....
...This time around, however, the ostensible cause of SFM’s decision to change was caused by regulation as much as market outlook....
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