In a summer when many hedge fund managers were preoccupied with the markets, George Soros was busy making headlines.
In mid-August, the 81-year-old hedge fund legend was slapped with a $50 million lawsuit by his 28-year-old ex, Adriana Ferreyr, a Brazilian soap opera actress who claims he reneged on a promise to buy her an apartment on Manhattan’s Upper East Side. (A lawyer for Soros called the suit “baseless.”)
In July, Soros announced he will close his Soros Fund Management shop to outside investors and run it as a family office. In early August, he unveiled plans to donate $30 million over three years to New York mayor Michael Bloomberg’s Young Men’s Initiative, aimed at helping poor young black and Latino men in the city.