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Ex-Soros protégées said to be winding down hedge fund

Wealth Bulletin – Satellite Asset Management, a $2.8bn (€2.1bn) hedge fund established by former employees of billionaire George Soros, is winding down due to investor redemptions, Bloomberg said on its website late Friday, according to a Reuters report.

The New York-based firm, which had nearly $7bn in client assets at the end of 2007, was launched in 1999 by Lief Rosenblatt, Gabe Nechamkin and Mark Sonnino, who worked together at Soros Fund Management.

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