Hedge fund manager and financial heavyweight George Soros made headlines last year when he decided to convert his hedge fund into a family office, only managing money for close friends and family. Now, another Soros, George’s son Jonathan Soros, is looking to launch a family office. Jonathan Soros worked at Soros Fund Management for almost a decade and is now striking out on his own launching a family office that will manage part of his personal wealth.
Jonathan Soros, who worked at Soros Fund Management until last year, when it began to transition to a family office, will launch a family office of his own. Jonathan Soros and his brother, Robert, led Soros Fund beginning in 2002.
Jonathan Soros’ new family office—which will only manage part of his personal fortune; the rest will remain with Soros fund—will employ David Kulsar, the former risk manager at JWM Partners who is currently chief risk officer for Soros Fund.
The money left at his dad’s family office isn’t the only remaining tie: Jonathan Soros, who is currently a senior fellow at left-leaning think tank Roosevelt Institute, will remain chairman of his father’s charitable foundation.
“Jonathan wants to manage some of his own money so the family office has made that accommodation for him,” a source told Reuters. Source
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