Wednesday, November 30, 2011

George Soros to buy $50 mln shares in Chow Tai Fook IPO

Billionaire philanthropist and investor George Soros is said to invest at least $50 million to subscribe for shares in the initial public offering of Chow Tai Fook Jewellery Group Ltd, Ming Pao Daily News reported on Wednesday, citing sources close to the deal. Soros Fund Management also increased its position in Kraft Foods, Heartware International, and YPF, among others. Among the stocks that it reduced its exposure to were Dendreon (Nasdaq: DNDN ) and Seagate Technology. Also, it sold out of some stocks entirely, such as RF Micro Devices (Nasdaq: RFMD ) and Petroleo Brasiliero.George Soros also acquired a 5.6% stake in WebMD in recent weeks.
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Thursday, November 24, 2011

Soros : The financial markets are testing the ECB

"The financial markets are testing the ECB and want to find out what it is allowed to do. It is imperative that the ECB should not fail that test." “The central bank must stop the bond run at all costs because it is endangering the stability of the single currency. The best way to do it in the near term is to impose a ceiling on the yield of sovereign bonds issued by governments that follow responsible fiscal policies and are not subject to adjustment programs.” says Hedge fund titan billionaire and financier George Sorosin a Financial Times column

Tuesday, November 22, 2011

Soros : The ECB must Stop the Bond Run at all costs

Billionaire investor George Soros , the chairman of Soros Fund Management, wrote in an article in the Financial Times Tuesday. : “As regulators still treat government bonds as the safe core of the financial system, this vicious circle threatens the stability of financial institutions, not only in the euro zone but also in the rest of the world,” “The financial markets are testing the ECB and want to find out what it is allowed to do,”

“The central bank must stop the bond run at all costs because it is endangering the stability of the single currency. The best way to do it in the near term is to impose a ceiling on the yield of sovereign bonds issued by governments that follow responsible fiscal policies and are not subject to adjustment programs.” - via CNBC

Tuesday, November 15, 2011

Soros to invest in China & Hong Kong Real Estate Market

Billionaire investor George Soros is planning a property fund to invest in real estate projects in China and Hong Kong, 21st Century Business Herald reported. - via Bloomberg
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George Soros was born in Budapest, Hungary, in 1930. His father was taken prisoner during World War I and eventually fled from captivity in Russia to reunite with his family in Budapest. Soros was thirteen years old when Hitler's Wehrmacht seized Hungary and began deporting the country's Jews to extermination camps. In 1946, as the Soviet Union was taking control of the country, Soros attended a conference in the West and defected. He emigrated in 1947 to England, supported himself by working as a railroad porter and a restaurant waiter, graduated in 1952 from the London School of Economics, and obtained an entry-level position with an investment bank.

In 1956, Soros immigrated to the United States, working as a trader and analyst until 1963. During that time, he developed his own theory of markets called 'reflexivity', which he has laid out in his recent books THE ALCHEMY OF FINANCE and THE CREDIT CRISIS OF 2008 AND WHAT IT MEANS. In 1967 he helped establish an offshore investment fund; and in 1973 he set up a private investment firm that eventually evolved into the Quantum Fund, one of the first hedge funds, through which he accumulated a vast fortune.