MarketWatch – Soros Fund Management had $24 billion in assets at the start of July, up more than 14% from the end of 2008 and more than 41% from a year earlier. That made the firm the fifth-largest in the hedge fund industry, up from sixth at the end of 2008, AR said.
Soros was one of the few investment managers to foresee the global financial crisis that erupted last year. As markets collapsed, he stepped back into trading, helping the firm’s flagship Quantum Endowment fund gain almost 10% in 2008. This year, the fund was up almost 19% through the end of July, AR reported.