Billionaire investor George Soros is finally retiring from fund management at the age of 84 to focus on political philanthropy.
The veteran investor announced his retirement plans at a dinner he hosted in Davos yesterday evening, The Times reports. Soros (pictured) said: "I have finally retired from managing my own money. I have retired many times before but this time it is final. "I am devoting all my energies to what I call my political philanthropy and the two activities are not compatible." The 84-year old investor retired from handling clients' money in 2011, but has now announced he will no longer be running the Soros Fund Management family business, and will pass his responsibilities to CIO Scott Bes...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
