Hedge Funds

Soros visits China


Chinese officials rolled out the red carpet when George Soros visited the Communist world's most capitalist nation in October. But the head of Soros Fund Management wasn't there to meet party bosses. The billionaire hedge fund manager was in town to plunk down $25 million to expand his already sizable investment in Hainan Airlines. His latest cash injection is aimed at allowing Hainan to merge with other local carriers to form a new franchise called Grand China Air that will fly routes across China as well as to Japan, Korea and Indonesia.