The uncertainty about markets and Quantum's 6 percent dive caused Anderson to sell positions in mid-June and the firm is now holding about 75 percent cash. It hasn't been decided whether Jonathan and Robert will hire a new CIO, or whether they will add to their stable of external managers.
In the meantime, Soros continues to focus on his philanthropy and on voicing his views on macroeconomic events, such as the sovereign debt crisis in Europe.
"My success in the financial markets has given me a greater degree of independence than most other people," Soros wrote in his recent essay. "This obliges me to take stands on controversial issues when others cannot, and taking such positions has itself been a source of satisfaction. In short, my philanthropy has made me happy."