By Linda Chiem (August 4, 2015, 6:25 PM EDT) -- Scott Bessent, the chief investment officer of Soros Fund Management LLC, will leave the New York hedge fund at year's end to start his own firm, Bloomberg reported Tuesday. After overseeing George Soros' $30 billion fortune for the past four years, Bessent is moving on to form Key Square Group with a $2 billion investment from Soros, according to the report. Armed with that sizable seed money, Bessent's new firm will be one of the largest-ever hedge fund startups, even before he starts raising money from other investors, the report said. Bessent has spent much of his career managing money for Soros, overseeing his European investments for about eight years in the 1990s and returning to the firm in late 2011. Since then, the family office has made about $10 billion in profit under Bessent, according to the report....
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