Hedge Fund News From HedgeCo.Net

George Soros Gets Most of His $2 Billion Back From Bessent

(Bloomberg) Very few hedge fund managers start with $2 billion from investor George Soros. One who did, Scott Bessent, has returned much of it as part of a prearranged deal. The plan between the two men called for Bessent, who started Key Square Group in 2016, to give back Soros’s capital as the hedge fund gathered assets from other investors, according to a person familiar with Soros’s family office who requested anonymity. Soros was down to $853 million in a managed account at Key Square at the end of 2017, according to a March regulatory filing.

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