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 Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
