George Soros Firing Outside Managers Amid Poor Returns [REPORT]


FOX Business Network’s (FBN) Senior Correspondent Charles Gasparino reports Soros Fund Management CEO, George Soros, “is firing outside managers for poor performance,” and that the fund is “fending off speculation that in January the fund took massive losses.”

On taking massive losses in January:

“The fund is fending off speculation that in January, the massive turbulence both with the currencies and the oil prices and the stock market, that the fund took massive losses.”

On CEO George Soros firing outside managers:

“He is firing outside managers for their poor performance.”

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Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced a 12.6% annualised return over the past 26 years. The funds added 7.7% overall in the second half of 2022, outperforming the 3.4% return for Read More

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