Hedge veteran Soros to give up running external cash

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US - George Soros is set to retire from managing money for outside investors after more than 40 years running hedge funds, citing Washington's increased oversight of the once unregulated industry as a primary reason behind his returning external money to investors this year.

Soros Fund Management will continue to manage money for Soros and his family but will return money to outside investors by the end of 2011, according to Bloomberg reports. Soros, 81 next month, ...

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