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George Soros is losing his namesake fund's Chief Investment Officer Scott Bessent, who is departing from Soros Fund Management LLC to start his own $2 billion hedge fund.
Bessent is a hedge fund whiz who originally began working at Soros Fund Management in 1991 at the age of 29. He remained there for nine years before Soros closed his European fund operations.
Bessent would part ways with George Soros in 2000 and begin his own hedge fund called Bessent Capital after raising $1 billion in capital.
Bessent Capital hit some troubled times in 2007, and Bessent became director of research and strategy at Protégé Partners. He was preparing to start another fund, KeySquare Group LP, in 2011, before Soros scooped him back up.
With this departure, Bessent will now look to reboot KeySquare.
Here's a look at George Soros' holdings – what Bessent will be leaving behind in his new pursuits…