Keith Anderson

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Biographical Information

In 2008 "Soros Fund Management, the hedge-fund firm founded by the billionaire George Soros, has named a co-founder of BlackRock, Keith Anderson, as its chief investment officer. The post has been vacant since Soros's son Robert stepped aside in July.

""Keith will assume responsibility for managing all investment activities, according to letter to investors Monday from Robert Soros and his brother Jonathan, the deputy chairmen of the firm, which is based in New York. Anderson, 48, starts next month.

"The firm's Quantum Endowment Fund, which oversees $17 billion, returned 32 percent last year, outpacing the average hedge fund gain of 10.4 percent. George Soros, 77, took a bigger role in investing than in previous years. Robert Soros continues to manage investments for the firm.

"Anderson is the fourth investment chief at Soros since George Soros decided to invest more conservatively at the Quantum Endowment Fund after the departures of two traders, Stanley Druckenmiller and Nicholas Roditi, in April 2000.

"In addition to Robert Soros, the other investment chiefs were Robert Bishop, previously a principal at hedge fund Maverick Capital, and a former Goldman Sachs Group partner, Jacob Goldfield.

"Three chief executives also have left in that time. They are Duncan Hennes, a former Bankers Trust treasurer; William Stack, once chief investment officer for equities at Dresdner RCM Global Investors; and Mark Schwartz, former chairman of the Asia unit of Goldman Sachs."[1]

A report from 2013 noted: "Keith Anderson, the former chief investment officer for billionaire trader George Soros' money management firm, is raising money for a new macro hedge fund, according to a person familiar with the firm.

"Anderson left Soros Fund Management in June 2011 when the well-known money manager returned $1 billion in cash to outside investors and converted his firm into a family office that now manages $24 billion of money mostly belonging to Soros and his family...

"Anderson's macro-focused fund, which will be based in New York, is looking to raise between $500 million to $1 billion for its launch. Macro hedge funds bet on shifts in the global economy and often specialize in trading commodities, stocks, bonds, currencies and interest rate-related derivatives...

"Joining Anderson's new firm are some notable Wall Street names, including economist John Lipsky, a former top director at the International Monetary Fund and an ex-vice chairman of JPMorgan & Chase's investment bank.

"Also teaming up with Anderson are Douglas Paul, a former vice-chairman at Credit Suisse, and Soros alum Christopher Wiegand." [2]

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References

  1. NYT Soros hedge fund names a BlackRock co-founder as investment chief, organizational web page, accessed April 4, 2013.
  2. reuters Ex-Soros CIO begins courting capital for new fund, organizational web page, accessed April 4, 2013.