MarketWatch – There was a lot of speculation this week about the reasons why legendary money manager George Soros is shutting down his hedge fund and sending investors their money back.
Some said the 80-year-old Soros — who has run the Quantum hedge funds since the late 1960s — doesn’t want to face the heightened regulation of hedge funds that’s part of the Dodd-Frank legislation. Others suggest he wants to focus on his philanthropic and political causes, and still others suggest he is protecting his investment legacy, because Soros’s record is no better than average in highly turbulent market conditions.
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