In 2004, Soros handed greater control to Robert and Jonathan. In 2005, Robert became chief investment officer, and stepped down from that role two years later, though he continued to trade stocks, and make macro wagers on bonds, currencies and commodities. He stopped trading for the fund about five years ago, though he continued to manage his own money. In 2012, Robert’s brother Jonathan created his own affiliated family office called JS Capital.
“In his role as deputy chairman and president my son Robert has done an outstanding job in preparing SFM for its next phase,” George Soros said in an email. “I look forward to his continued involvement and wish him the greatest success in his personal ventures.”
This article was provided by Bloomberg News.