Total assets of the company of George Soros on the basis of last year grew by 41%
Sep 6th, 2009 | By admin | Category: Main Newsfamous financier George Soros has once again proved its acumen: the outcome of the past year the value of his company grew, while many competitors have suffered significant financial losses.
According to the log of the hedge-fund AR, created through the merger of publication Absolute Return and Alpha, as at 1 July 2009 the volume of assets under management Soros Fund Management reached 24 billion U.S. dollars, up 41% over the same period last year .
Chief
Soros Foundation - Quantum Endowment - in 2008 earned about 10%, while the average hedge funds suffered losses of 19%. Thus, the largest U.S. hedge fund Bridgewater Associates for the year to July 2009 has lost 14.95%, thus, the value of assets in his control fell to 37 billion dollars, reports AR. Other well-known funds have suffered more significant losses against the backdrop of falling markets and when the investors to punish the investment managers for poor financial results and withdrew their funds. Total assets of hedge fund Renaissance Technologies, in particular, fell by 41.38% to 17 billion.
Soros, a frequent participant ratings of the most highly paid investment managers last year was back on top of the list with an income of 1.1 billion dollars. He is one of the most active philanthropists. For example, last year, the magazine Portfolio published generosity index to include a list of the best-known businessmen and philanthropists, including the amount of donations and personal capital. Topped the list of Warren Buffett and George Soros was on the fourth position. According to Portfolio, the state Soros is 9 billion dollars, while for charitable purposes in 2007-2008 he spent 474.6 million
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