July 30, 2010
Garanti of Turkey to launch $306 mln hedge fund
ISTANBUL, April 20 (Reuters) - Garanti Bankasi , Turkey's second-biggest bank by market value, said on Monday it was launching a hedge fund with a registered capital of 500 million lira ($306 million) within a month.
Soros puts two sons in control of empire
George Soros, the billionaire investor, has elevated his two sons to take control of his $13bn empire, and shifted the group's strategy back to focus on its core hedge fund business.
The recovery of the nation’s big banks did not benefit just the bankers — it also created huge paydays for hedge fund managers, including a record $4 billion gain in 2009 for one bold investor.
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