Schwartz pulls $2bn from Nexus


Mark Schwartz is clearly determined to shake up the Soros Fund Management structure as one of his first major decisions was to pull over $2 billion of money from Nexus, run by Darren Davy, a long-term star of the Soros constellation of outside managers.

The move left Davy with little more than his own not-inconsiderable wealth to manage and explains why he is now trawling around the world looking for money from investors, having teamed up with Greenwich-based DKR.

Having made money for Soros over the years, Davy no doubt felt it was a harsh decision, although he was one