CNBC harped for a few minutes this morning about how Soros no longer manages money for other people. A few angles were pointed out:
- How does a DEMOCRAT bemoan regulation?!
- Why do we care what Soros does?
- Wait, 24.5b? I thought he only had 15b?
They also made a strange point, which I haven’t been able to find backup for online, so beware. They said that Soros parks some of his money in other hedge funds and that he isn’t likely to pull that cash back to himself.
Strange, isn’t it? He hates the regulation as a manager but is happy to live with it as an investor.
Is there a ‘there’ here? I’m not sure.