Dad Grants 41 Year-Old Son Permission To Manage His Own Finances

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Jonathan Soros, who stepped down in September from day-to-day management of Soros Fund Management LLC, plans to hire at least one of his father's key employees, say two people familiar with the situation. The two sources said Soros' son intends to set-up his own family office - something the Soros Fund converted to last year - with the help of David Kulsar, currently chief risk officer for the Soros Fund. "Jonathan wants to manage some of his own money so the (Soros Fund) family office has made that accommodation for him," said a source familiar with the situation but who was not authorized to discuss the matter. [Reuters]

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