George Soros
Its not the news that got my attention, but the person in the news.
The man accused by Tun Dr Mahathir to ruin Malaysia's economy with his massive currency speculation (apologized in 2006), would no longer risking other people's money. It emerged that George Soros is to close his hedge fund to outside investors. New regulations that require investment advisers to register with the SEC is said to be the culprit behind his decision. By the end of this year, his Soros Fund Management LLC will have no outside customers for the first time in 42 years. However, the rules exempt funds that are run on behalf of a family, so Mr Soros's firm will manage only his own pot of investments amounting to $25bn from now on.
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