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Multibillionaire Speculator Soros Exiting Risk Business
Updated from 2:05 p.m. EDT
George Soros, the multibillionaire financier known for his high-risk global investments, abandoned that strategy Friday and unveiled a far more conservative course after two of his top managers resigned because of more than $5 billion in losses in the volatile Nasdaq stock market.
"Our large macro bet days are over," Soros, founder of the Soros Fund Management family of high-risk investment funds known as hedge funds, said in an interview that followed the resignations of his high-profile managers Stanley Druckenmiller and Nicholas Roditi. ...
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