Is George Soros a hypocrite for converting hedge fund to family office?
The news that George Soros would return money to outside investors and keep his hedge fund alive only as a family office was greeted with massive headlines around the world. Sen. Richard Shelby took Read more…
No. He has been slowly giving money back for a while now and only had about $1B of outside investor money left. With the new SEC regulations, I would have chosen to give the money back to. Investor money made up about 4% of the total fund and it would have been ridiculus for him to have to jump through all of the hoops that are now required. Also, like Soros stated, the need for increased regulation is due to the systemic risk that many hedge funds pose to society. If his fund is a family office, I believe, the systemic risk is not there as long as his fund is not intertwined with the financial markets. Also I haven’t exactly ever heard of a family office collapsing and needing a bailout.
The evidence list supporting the fact that Soros is nothing more than a cunning evil man is too long for this medium. Looking beyond his Nazi affiliations his claim to fame is becoming “the man who broke the bank of England” where he shorted the British pound with leveraged financial bets and severely devalued the homes and savings of all hard working British citizens overnight. In 1999 he almost collapsed the Russian economy in what was labeled “one of the greatest social robberies in human history,” by Rep. Jim Leach. He has performed the same currency collapse in Thailand and Malaysia, where Thai activist Weng Tojirakarn said, “We regard George Soros as a kind of Dracula.” Soros has been fined for insider trading and “illegal market manipulation”. He has now had a hand in the same kind of currency collapse taking place in America. To accuse him of hypocrisy is like saying Hitler had a hot temper. Irrelevant.
You must not know much about anything to think that someone has the power to control world currencies, other than they central banks themselves (and they do not even have complete control unless they are a government like China). I love it when people bash Soros, when there is a good chance that they haven’t given close to what Soros has given. He has donated billions to promote democracy and all you people can focus on is his ability to make speculative bets better than you could have ever dreamed to have made. Let me guess, are you a fan a Glenn Beck? It is funny that you even bring up his “Nazi affiliations”. He was 10-12 years old. What were you doing when you were that age? Lastly, he has no hand in the currency collapse of America. Do you honestly think that his fund, which has approximately 25 Billion in capital, could cause the USD to collapse? I see that you are a “reformed investment banker”, but I am guessing that the workload was too hard and you couldn’t handle it. But hey, go ahead and call yourself a “visionary entrepreneur” because they are only going to be visions until you actually do something.
you are clearly unsuited for proper intellectual debate given your need to comment on me personally. Since you’ve proved incapable of debating the truth about Soros’ influence in financial markets I will just say the following and just hope more blind people like you wake up.
I left banking because the work was not rewarding (besides the cash) and truthfully, it wasn’t challenging to me. I was at CS for 5 years and, for the most part, was bored. I passed the CFA first attempt after hardly reading the books (and was the only person on my entire floor at Credit Suisse to pass by the way). Your assumptions prove that the extent of your ignorance. I don’t watch Glenn Beck, I am neither Republican or Democrat…I am not fooled into choosing between false options.
Careful making assumptions on what other people know as you try to “break into the industry”. Don’t be lame and attack people personally on LinkedIn. Go play on Facebook for that. Again – you clearly have much to learn.
NO, Soros is just an anti-semitic, self-hating former Jew who profits from revolutions and financial destruction created by Soros and his network of groups that he supports!
The only media figure that I have heard make comments about Soros’s “Nazi affiliations” is Glenn Beck (and possibly Rush Limbaugh). And the reason for the “attack” was your use of “Nazi” and “Hitler” in reference to Soros, when, in fact, those are simply complete falsehoods. I have studied Soros quite a bit and would love to have a debate about the many misconceptions that people have about his life (and I can do it with civility as long as it is coming from both sides). So, do you honestly think that one man can control world currencies?
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