{"id":1501178,"date":"2024-11-08T12:20:00","date_gmt":"2024-11-08T17:20:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1501178"},"modified":"2024-11-08T12:20:00","modified_gmt":"2024-11-08T17:20:00","slug":"restructuring-underway-at-soros-fund-management-as-hong-kong-office-to-shut","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/restructuring-underway-at-soros-fund-management-as-hong-kong-office-to-shut\/1501178\/","title":{"rendered":"Restructuring Underway At Soros Fund Management As Hong Kong Office To Shut\u00a0"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">Restructuring Underway At Soros Fund Management As Hong Kong Office To Shut\u00a0<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>An administrative restructuring is underway at Soros Fund Management, founded by billionaire George Soros in the 1970s, as it plans to shutter its Hong Kong office, according to a <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-08\/soros-fund-management-to-shut-hong-kong-office-in-restructuring\">Bloomberg<\/a> report. Although the exact reasons were not disclosed, this move comes just days after Soros&#8217; son, Alex Soros, through the family&#8217;s Open Society Foundations, wasted tens of millions of dollars backing\u00a0the biggest Democrat loser in a generation:\u00a0Kamala Harris.\u00a0<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2024-11-08_07-09-53.png?itok=bqzxJYtE\"><\/a><\/p>\n<p>The New York-based investment firm, best known for its $10 billion trade against the British pound in 1992, explained in an emailed statement that its Asia investments will now be managed by traders in its New York and London offices. The firm added that it will continue allocating capital to managers in Japan, Singapore, and Hong Kong.<\/p>\n<p>Bloomberg reporters working on the story could not obtain further comment from the investment firm.\u00a0<\/p>\n<p>A key question remains: Why is Soros Fund Management shrinking its Asian physical footprint? Bad china bets?<\/p>\n<p>This administrative restructuring at the investment firm comes months after a major restructuring occurred within OSF over the summer. OSF reportedly laid off over 40% of its workforce worldwide and implemented a new\u00a0operating model.<\/p>\n<p>Even with all this restructuring, the philanthropic organizations controlled by the Soros family, with Alex Soros somewhere at the helm\u2014and even further off the reservation than his father\u2014wasted a lot of daddy&#8217;s money on <a href=\"https:\/\/www.zerohedge.com\/political\/alex-soros-shocked-incumbent-political-order-being-crushed-around-globe\">supporting the biggest Democratic loser in a generation<\/a>: Harris-Walz. This historic loss will be detrimental to the Soros family and far-left Davos elite, who push nation-wrecking globalist policies.\u00a0The tide has turned.<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Fri, 11\/08\/2024 &#8211; 07:20<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/markets\/restructuring-underway-soros-fund-management-hong-kong-office-shut\" target=\"_blank\" class=\"\" rel=\"noopener\">https:\/\/www.zerohedge.com\/markets\/restructuring-underway-soros-fund-management-hong-kong-office-shut<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Restructuring Underway At Soros Fund Management As Hong Kong Office To Shut\u00a0 An administrative restructuring is underway at Soros Fund Management, founded by billionaire George&#8230;<\/p>\n","protected":false},"author":0,"featured_media":1501179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1501178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6iwy","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2024\/11\/2024-11-08_07-09-53-OqyVs9.png","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1501178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1501178"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1501178\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1501179"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1501178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1501178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1501178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}