George Soros is making an investment in Spain. George Soros’ hedge fund Soros Fund Management LLC has just bought some shares, representing 3% of the company, in publicly listed Spanish construction giant Fomento de Construcciones y Contratas (FCC), for just under US$100 million in what could be quite a strategic investment.
The economic story of Spain in recent years had been one of spectacular growth fuelled by massive investments in public infrastructure and the housing industry, funded by cheap credit from the European Union, followed subsequently by a huge implosion with the onset of the European recession in 2007. This had serious consequences for the country’s over-stressed financial system and led to severe austerity measures which were demanded by its northern European creditors, including, particularly, by Germany.
Monday, December 30, 2013
Saturday, December 28, 2013
Billionaire George Soros Bought This Texan Oil Stock
You have probably never heard of Midland.
Located in the heart of West Texas, the nearest major city is a four-hour drive away. This town is about as close to the 'middle of nowhere' as it gets. Yet Midland could be sitting on the largest oil discovery in American history.
Thanks to new technologies like horizontal drilling and hydraulic fracturing, millions of barrels of previously unrecoverable oil are now being pulled up from the nearby Permian Basin.
One company has been quietly buying up tracts of land in this area since the 1980's. And the firm's prospects are so exciting that billionaire hedge fund manager George Soros owns a $200 million stake in the firm. Other smart money operators like Stanley Druckenmiller and John Paulson are pouring money into the stock as well.
I'm talking, of course, about Pioneer Natural Resources (NYSE: PXD ) .
George Soros owns 964,000 shares of this stock
Located in the heart of West Texas, the nearest major city is a four-hour drive away. This town is about as close to the 'middle of nowhere' as it gets. Yet Midland could be sitting on the largest oil discovery in American history.
Thanks to new technologies like horizontal drilling and hydraulic fracturing, millions of barrels of previously unrecoverable oil are now being pulled up from the nearby Permian Basin.
One company has been quietly buying up tracts of land in this area since the 1980's. And the firm's prospects are so exciting that billionaire hedge fund manager George Soros owns a $200 million stake in the firm. Other smart money operators like Stanley Druckenmiller and John Paulson are pouring money into the stock as well.
I'm talking, of course, about Pioneer Natural Resources (NYSE: PXD ) .
George Soros owns 964,000 shares of this stock
Thursday, December 26, 2013
Soros’ ex-wife buys Shelter Island estate
Susan Weber Soros, the ex-wife of George Soros — who’s worth an estimated $20 billion and is currently number 19 on Forbes’ 400 richest Americans list — has just purchased a waterfront estate on Shelter Island, Gimme Shelter has learned.
Weber Soros bought the 4,358 square foot traditional home, on 1.37 acres, for close to its $5.95 million asking price. Built in 2005, the beach manse has five bedrooms and 5½ baths. There is no pool, but there is room for Weber Soros to build one. The property, in Dering Harbor, also comes with a deep water dock. The home has panoramic water views from the living room, which has double height ceilings and a fireplace. There’s also a chef’s kitchen, and a “Hollywood style serpentine staircase that wraps around the fireplace,” according to the listing. A “hand cut river stone” path leads to the bulkheaded sandy beach and deep water dock. There’s also a generator and cistern for irrigation.
Weber Soros bought the 4,358 square foot traditional home, on 1.37 acres, for close to its $5.95 million asking price. Built in 2005, the beach manse has five bedrooms and 5½ baths. There is no pool, but there is room for Weber Soros to build one. The property, in Dering Harbor, also comes with a deep water dock. The home has panoramic water views from the living room, which has double height ceilings and a fireplace. There’s also a chef’s kitchen, and a “Hollywood style serpentine staircase that wraps around the fireplace,” according to the listing. A “hand cut river stone” path leads to the bulkheaded sandy beach and deep water dock. There’s also a generator and cistern for irrigation.
Saturday, December 21, 2013
Tech Stocks Are Soaring Soros
Today’s midday gainers are Red Hat, Inc. (NYSE:RHT), Marketo, Inc. (NASDAQ:MKTO), Magnum Hunter Resources Corporation (NYSE:MHR) and midday losers are TIBCO Software Inc. (NASDAQ:TIBX), InterDigital, Inc. (NASDAQ:IDCC), Rite Aid Corporation (NYSE:RAD).
George Soros soars with tech stocks
On the top of our midday gainer list is Red Hat, Inc. (NYSE:RHT), the tech company increased +17.35% to $57.50 after a great Q3 earnings report. Billionaire George Soros holds 550,000 shares (0.28% of his fund) acquired for $52.07 per share. Another investor with a position in RHT is Ray Dalio who owns 318,000 shares, composing 0.12% of his holdings. Dalio paid an average price of $51.97 per asset.
Following Red Hat Inc. is Marketo, Inc. (NASDAQ:MKTO), which rose +13.26% to $37.25. This was a well-received news for George Soros who holds 60,000 shares of the tech firm. This position represents 0.02% of his holdings and he paid an average price of $24.58 per asset.
George Soros soars with tech stocks
On the top of our midday gainer list is Red Hat, Inc. (NYSE:RHT), the tech company increased +17.35% to $57.50 after a great Q3 earnings report. Billionaire George Soros holds 550,000 shares (0.28% of his fund) acquired for $52.07 per share. Another investor with a position in RHT is Ray Dalio who owns 318,000 shares, composing 0.12% of his holdings. Dalio paid an average price of $51.97 per asset.
Following Red Hat Inc. is Marketo, Inc. (NASDAQ:MKTO), which rose +13.26% to $37.25. This was a well-received news for George Soros who holds 60,000 shares of the tech firm. This position represents 0.02% of his holdings and he paid an average price of $24.58 per asset.
Wednesday, December 18, 2013
George Soros: It’s Time to Make Justice Central to Development
George Soros recently intervened in the post-2015 debates, noting the need for universal access to justice. He identified four target areas issued considered crucial for post-MDG success by the legal empowerment movement:
“1. LEGAL IDENTITY: Being recognized as a person under the law is critical to everyday life. You need it to send your children to school or to receive medical care. State-issued legal identity documents, such as birth registrations, are usually needed.
2. ACCESS TO INFORMATION. People should be able to find out about the laws and regulations that govern their lives.
3. Both individuals and communities need to have their PROPERTY RIGHTS protected. Giving communities protection against land grabbing and the misappropriation of natural resources would be a great contribution to the fight against poverty.
“1. LEGAL IDENTITY: Being recognized as a person under the law is critical to everyday life. You need it to send your children to school or to receive medical care. State-issued legal identity documents, such as birth registrations, are usually needed.
2. ACCESS TO INFORMATION. People should be able to find out about the laws and regulations that govern their lives.
3. Both individuals and communities need to have their PROPERTY RIGHTS protected. Giving communities protection against land grabbing and the misappropriation of natural resources would be a great contribution to the fight against poverty.
Monday, December 16, 2013
George Soros Donates Funds to Help Heat Schools in Greece
Greek students have had a rough winter in extremely cold classrooms due to the lack of heating resources, resulting from local authorities who are simply unable to cover the unbearable cost of heating oil. The organization Open Society Foundation, founded by the great American investor George Soros, offers donations worth millions of euros in oil so that children can sit in a warm classroom.
Schools in the 2 biggest municipalities of Greece have been lucky enough to have their oil tanks filled thanks to Mr. Soros’ donations.
Schools in the 2 biggest municipalities of Greece have been lucky enough to have their oil tanks filled thanks to Mr. Soros’ donations.
Friday, December 13, 2013
Soros Soars Thanks To Sarepta Therapeutics and Towerstream Corporation
Today’s midday gainers are Sarepta Therapeutics Inc (NASDAQ:SRPT), Towerstream Corporation (NASDAQ:TWER), Icahn Enterprises LP (NASDAQ:IEP) and daily losers are IAMGOLD Corp (NYSE:IAG), Enphase Energy Inc (NASDAQ:ENPH), Turquoise Hill Resources Ltd (NYSE:TRQ).
Soros gets a double boost with Sarepta and Towerstream
On the top of our midday gainer list is Sarepta Therapeutics Inc (NASDAQ:SRPT), the biopharmaceutical company shot up +16.94%, reaching $20.36. This was a well-received news for George Soros who holds 665,000 shares of SRPT, representing 0.34% of his fund. The investor paid an average price of $31.17 per asset.
The second stock in our list is Towerstream Corporation (NASDAQ:TWER), the telecommunication stock has climbed +9.96 to $2.45. This is another hit for Soros who owns 432,00 shares (0.01% of his holdings) acquired for $2.55.
Soros gets a double boost with Sarepta and Towerstream
On the top of our midday gainer list is Sarepta Therapeutics Inc (NASDAQ:SRPT), the biopharmaceutical company shot up +16.94%, reaching $20.36. This was a well-received news for George Soros who holds 665,000 shares of SRPT, representing 0.34% of his fund. The investor paid an average price of $31.17 per asset.
The second stock in our list is Towerstream Corporation (NASDAQ:TWER), the telecommunication stock has climbed +9.96 to $2.45. This is another hit for Soros who owns 432,00 shares (0.01% of his holdings) acquired for $2.55.
Thursday, December 12, 2013
Can Mutual Funds Invest Like George Soros?
NEW YORK (TheStreet) -- George Soros and other star hedge fund managers famously made fortunes by betting on global trends. Global macro funds can range widely, holding foreign currencies one year and U.S. stocks the next. But the macro strategy is hard to execute, and not many managers have succeeded. Most mutual funds that have tried the macro game have failed and shut their doors. For mutual funds, the strategy is particularly difficult because managers cannot use the leverage that hedge funds employ.
Now two Wall Street veterans are trying their hands with macro mutual funds, and both managers are off to strong starts. Richard Bernstein, former investment strategist of Merrill Lynch, operates Eaton Vance Richard Bernstein All Asset Strategy EARAX. Brian Singer, former chief investment officer of UBS Americas, oversees William Blair Macro Allocation (WMCNX).
Now two Wall Street veterans are trying their hands with macro mutual funds, and both managers are off to strong starts. Richard Bernstein, former investment strategist of Merrill Lynch, operates Eaton Vance Richard Bernstein All Asset Strategy EARAX. Brian Singer, former chief investment officer of UBS Americas, oversees William Blair Macro Allocation (WMCNX).
Wednesday, December 11, 2013
Soros Partners with Cheney in Halliburton Deal
Billionaire oil tycoon George Soros, who recently endorsed Hillary Clinton for President, has recently teamed up with one of his nemesis, former Vice President Dick Cheney to invest big-time cash on Halliburton. Mr. Cheney is a former CEO of the corporation, which has been villified by Leftist organizations such as Moveon.org.
According to American Thinker, Mike Boyer, writing in the Passport blog of Foreign Policy Magazine, notes the gigantic stake George Soros has taken in Halliburton, the epitome of evil in the eyes of his left wing friends:"
Halliburton accounts for 3.5% of Soros' hedge fund, which signifies its fourth-largest holding.
According to American Thinker, Mike Boyer, writing in the Passport blog of Foreign Policy Magazine, notes the gigantic stake George Soros has taken in Halliburton, the epitome of evil in the eyes of his left wing friends:"
Halliburton accounts for 3.5% of Soros' hedge fund, which signifies its fourth-largest holding.
Tuesday, December 10, 2013
Soros Takes a One-Two (Three) Punch from Latest Bets
Today’s midday gainers are InterOil Corporation Inc. (NYSE:IOC), Alpha Natural Resources, Inc. (NYSE:ANR), Micron Technology, Inc. (NASDAQ:MU) and midday losers are Lumos Networks Corp (NASDAQ:LMOS), Restoration Hardware Holdings Inc (NYSE:RH), JinkoSolar Holding Co., Ltd. (NYSE:JKS).
InterOil is today’s top performing stock
Today’s midday gainer is InterOil Corporation (NYSE:IOC). The energy company is up +10.72% to $61.45. Billionaire John Paulson holds 1.1 million shares, representing 0.55% of his fund. The investor paid an average price of $66.64.
Following Interoil is Alpha Natural Resources, Inc. (NYSE:ANR). The coal company shot up +8.83%, reaching $7.15, after selling its 50% stake in Alpha Shale Resources Joint Venture for $300 million to Rice Energy. This was again good news for John Paulson, who owns four million shares, representing 0.15% of his fund. Paulson paid an average price of $8.10 per share.
InterOil is today’s top performing stock
Today’s midday gainer is InterOil Corporation (NYSE:IOC). The energy company is up +10.72% to $61.45. Billionaire John Paulson holds 1.1 million shares, representing 0.55% of his fund. The investor paid an average price of $66.64.
Following Interoil is Alpha Natural Resources, Inc. (NYSE:ANR). The coal company shot up +8.83%, reaching $7.15, after selling its 50% stake in Alpha Shale Resources Joint Venture for $300 million to Rice Energy. This was again good news for John Paulson, who owns four million shares, representing 0.15% of his fund. Paulson paid an average price of $8.10 per share.
Monday, December 9, 2013
Soros Group warming on Eurobank
By Giorgos Mantelas
The countdown for the share capital increase of Eurobank started a week ago and Kathimerini has learned that even the George Soros group has expressed an interest in acquiring the lender that is fully state-controlled.
Sources say that Soros group officials are seriously examining the possibility of entering the process for the sale of a controlling stake to a strategic investor, provided that the terms (mainly the price of each share for the transaction) are attractive and favorable. The same sources say that if this group decides to make a move to acquire Eurobank, the benefits will be multiple.
The countdown for the share capital increase of Eurobank started a week ago and Kathimerini has learned that even the George Soros group has expressed an interest in acquiring the lender that is fully state-controlled.
Sources say that Soros group officials are seriously examining the possibility of entering the process for the sale of a controlling stake to a strategic investor, provided that the terms (mainly the price of each share for the transaction) are attractive and favorable. The same sources say that if this group decides to make a move to acquire Eurobank, the benefits will be multiple.
Sunday, December 8, 2013
George Soros racks up stake in newly-floated Hibernia REIT
Legendary billionaire investor George Soros is one of the biggest backers of the €365m Hibernia REIT, the property investment vehicle that floated last Friday.
The Soros-run Quantum fund has an 8.22 per cent stake in the Hibernia REIT, which was set up to invest in the Irish property market recovery. Soros, known as the "man who broke the Bank of England" for his bet against the British pound in the 1992, has invested in Irish groups before, taking stakes in Elan and Amarin as well as buying into Ardmore Shipping.
The Soros-run Quantum fund has an 8.22 per cent stake in the Hibernia REIT, which was set up to invest in the Irish property market recovery. Soros, known as the "man who broke the Bank of England" for his bet against the British pound in the 1992, has invested in Irish groups before, taking stakes in Elan and Amarin as well as buying into Ardmore Shipping.
Saturday, December 7, 2013
Soros’ fund leases chunk of Boston Properties’ 250 West 55th
Billionaire George Soros’ investment firm has taken just under 100,000 square feet at Boston Properties’ 250 West 55th Street. Soros Fund Management will take the spec office tower’s penthouse, on the 38th floor, and also floors 26 through 28 in the 15-year deal.
Thursday, December 5, 2013
George Soros Shareholder in Nine Entertainment
US billionaire George Soros is set to emerge as a shareholder in Nine Entertainment when the media company begins trading on the Australian stockmarket tomorrow.
Wednesday, December 4, 2013
Lander College For Women Graduate Receives $90,000 Soros Fellowship
Matty Lichtenstein, a graduate of Lander College for Women, received a Paul and Daisy Soros Fellowship. According to the Touro College website, she is “..navigating the narrow bridge where traditional Chasidic tradition and American culture collide has landed her a coveted Paul & Daisy Soros Fellowship for New Americans.”
Tuesday, December 3, 2013
Soros Starts the Week Strong with Clear Channel Surge
Today’s midday gainers are Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), Axiall Corp (NYSE:AXLL), Forest Laboratories, Inc. (NYSE:FRX) and midday losers are Cobalt International Energy, Inc. (NYSE:CIE), Dex Media Inc (NASDAQ:DXM), Yume Inc (NYSE:YUME).
Soros wins with Clear Channel
Today’s midday gainer is Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), as the advertising company shot up +10.51% to $9.78. Billionaire George Soros holds 1.8 million shares (0.37% of his fund), acquired for $7.82. Ray Dalio owns 50,000 CCO shares, representing 0.01% of his holdings. The investor paid an average price of $7.75.
Soros wins with Clear Channel
Today’s midday gainer is Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), as the advertising company shot up +10.51% to $9.78. Billionaire George Soros holds 1.8 million shares (0.37% of his fund), acquired for $7.82. Ray Dalio owns 50,000 CCO shares, representing 0.01% of his holdings. The investor paid an average price of $7.75.
Sunday, December 1, 2013
Soros Fund Management Teva Investment
Soros Fund Management LLC, the family office of billionaire George Soros, boosted its Teva holdings to the most since 2010 in the third quarter, according to a filing on Nov. 14, while Susquehanna Financial Group LLLP recommended buying the shares last month. The stock jumped 9.9 percent to $40.76 in November, leaving it up 9.2 percent this year. The Bloomberg Israel-US Equity Index of the most-traded Israeli companies in the U.S. capped the biggest monthly gain since 2011.
Saturday, November 30, 2013
Soros Posts Losses with JKS, TRQ and YUME, Sighs TGIF
Today’s midday gainers are International Tower Hill Mines Ltd (NYSEMKT:THM), Unwired Planet Inc (NASDAQ:UPIP), SolarCity Corp (NASDAQ:SCTY) and midday losers are JinkoSolar Holding Co., Ltd. (NYSE:JKS), Turquoise Hill Resources Ltd. (NYSE:TRQ), YuMe Inc. (NYSE:YUME).
Soros gets a dlight boost with Unwired Planet
International Tower Hill Mines Ltd (NYSEMKT:THM) is our top midday gainer. The gold mining company increased +7.53% to $0.40. This was a great news for John Paulson, who owns 8.9 million shares (0.02% of his portfolio). The billionaire paid an average price of $4.77 per asset.
Following Tower Hill Mines Ltd. is Unwired Planet Inc (NASDAQ:UPIP). The tech stock is up +7.14%, trading at $1.50. Investor George Soros holds 6.4 million shares purchased for $2.57, representing 0.12% of his fund.
Soros gets a dlight boost with Unwired Planet
International Tower Hill Mines Ltd (NYSEMKT:THM) is our top midday gainer. The gold mining company increased +7.53% to $0.40. This was a great news for John Paulson, who owns 8.9 million shares (0.02% of his portfolio). The billionaire paid an average price of $4.77 per asset.
Following Tower Hill Mines Ltd. is Unwired Planet Inc (NASDAQ:UPIP). The tech stock is up +7.14%, trading at $1.50. Investor George Soros holds 6.4 million shares purchased for $2.57, representing 0.12% of his fund.
Friday, November 29, 2013
Unpredictable risks caused 2008 economic crisis, says Soros at Budapest CEU
Risks can be quantified but all of their elements cannot be
calculated in advance and this led to the 2007/2008 financial crisis, US
financier and philanthropist George Soros said on Wednesday at the
university he founded in Budapest.
The Hungarian-born businessman launched the Hungarian edition of his latest book The Soros Lectures at the Central European University, where he is honorary chairman of the board.
The Hungarian-born businessman launched the Hungarian edition of his latest book The Soros Lectures at the Central European University, where he is honorary chairman of the board.
Thursday, November 28, 2013
George Soros recently purchased Shares of DryShips
Shipping Stocks Up: DryShips Inc. (NASDAQ:DRYS), FreeSeas Inc(NASDAQ:FREE), NewLead Holdings Ltd(NASDAQ:NEWL)
George Soros’ investment firm recently purchased 590,278 shares of DryShips Inc.(NASDAQ:DRYS) and 77,942 shares of Diana Shipping Inc.(NYSE:DSX) . That comes out to a $1.8 million stake in DryShips and an $841,000 stake in Diana Shipping. Soros’ firm currently manages right around $6.8 billion spread across 2,333 holdings, so these additions are a very small portion of the total portfolio. The firm also owns small positions in Navios Maritime Holdings and Navios Partners.
George Soros’ investment firm recently purchased 590,278 shares of DryShips Inc.(NASDAQ:DRYS) and 77,942 shares of Diana Shipping Inc.(NYSE:DSX) . That comes out to a $1.8 million stake in DryShips and an $841,000 stake in Diana Shipping. Soros’ firm currently manages right around $6.8 billion spread across 2,333 holdings, so these additions are a very small portion of the total portfolio. The firm also owns small positions in Navios Maritime Holdings and Navios Partners.
Wednesday, November 27, 2013
George Soros Invested in Dry Ships and Diana Shipping, but Should You?
Updated Nov 26th 2013 8:36PM
George Soros' investment firm recently purchased 590,278 shares of DryShips and 77,942 shares of Diana Shipping . That comes out to a $1.8 million stake in DryShips and an $841,000 stake in Diana Shipping. Soros' firm currently manages right around $6.8 billion spread across 2,333 holdings, so these additions are a very small portion of the total portfolio. The firm also owns small positions in Navios Maritime Holdings and Navios Partners.
Whether it's Soros himself or his fund managers, it appears his company is making a small bet on the dry bulk shipping sector, with DryShips and Diana Shipping leading the pack. So just what would motivate Soros to invest in this sector?
Some history on Soros' motivations for speculating
Looking at Soros' biography in Money Masters of Our Time by John Train, Soros is known as a speculator by nature, with an ability to trade in and out of positions quickly using margin debt. His strategy revolves around three main points, according to Train:
Tuesday, November 26, 2013
Ex-Soros Adviser’s Dalton China Fund Beat Peers With 25% Return
Nov. 25 (Bloomberg) -- The Dalton Greater China Fund, run by James Rosenwald III, a former adviser to funds linked to billionaire George Soros, beat peers with a 25 percent return this year, an investor newsletter seen by Bloomberg News showed.
The $64 million fund outperformed the Eurekahedge Greater China Long-Short Equities Hedge Fund Index by almost 10 percentage points in the first 10 months. Bets on Taiwanese technology companies including Himax Technologies Inc. and Hong Kong-based property developers drove performance, Tony Hsu, Rosenwald’s Shanghai-based co-manager, said in an e-mailed response to Bloomberg News queries.
The $64 million fund outperformed the Eurekahedge Greater China Long-Short Equities Hedge Fund Index by almost 10 percentage points in the first 10 months. Bets on Taiwanese technology companies including Himax Technologies Inc. and Hong Kong-based property developers drove performance, Tony Hsu, Rosenwald’s Shanghai-based co-manager, said in an e-mailed response to Bloomberg News queries.
Monday, November 25, 2013
George Soros gives $1 million to support Obama
(CBS News) Billionaire George Soros has donated $1 million to Priorities USA Action, a "super PAC" backing President Obama, a spokesperson for the group has confirmed to CBS News.
This is Soros' first donation to Priorities USA Action, though he announced$2 million in donations to two Democratic groups in May. He will also give another $500,000 to super PACs backing Democrats in Congress. Super PACs can raise and spend unlimited funds to influence elections, though they cannot legally coordinate with campaigns.
This is Soros' first donation to Priorities USA Action, though he announced$2 million in donations to two Democratic groups in May. He will also give another $500,000 to super PACs backing Democrats in Congress. Super PACs can raise and spend unlimited funds to influence elections, though they cannot legally coordinate with campaigns.
Sunday, November 24, 2013
Soros Boosts Stake in Teva Pharmaceutical to Most Since 2010
Nov. 22 (Bloomberg) -- Soros Fund Management LLC, the family office of billionaire George Soros, increased its holdings in Teva Pharmaceutical Industries Ltd. to the most since 2010.
The firm, based in New York, raised its stake in Teva, the worst-performing pharmaceutical company in the U.S. in the past year, to 1.8 percent of its $7.75 billion U.S. stock portfolio in the third quarter, according to a filing with the U.S. Securities and Exchange Commission on Nov. 14. This would make it the largest allocation since the fourth quarter of 2010, according to data compiled by Bloomberg.
The firm, based in New York, raised its stake in Teva, the worst-performing pharmaceutical company in the U.S. in the past year, to 1.8 percent of its $7.75 billion U.S. stock portfolio in the third quarter, according to a filing with the U.S. Securities and Exchange Commission on Nov. 14. This would make it the largest allocation since the fourth quarter of 2010, according to data compiled by Bloomberg.
Saturday, November 23, 2013
Soros Increases Holdings in Teva to Most Since 2010
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| George Soros |
The firm, based in New York, raised its stake in Teva, the worst-performing pharmaceutical company in the U.S. in the past year, to 1.8 percent of its $7.75 billion U.S. stock portfolio in the third quarter, according to a filing with the U.S. Securities and Exchange Commission on Nov. 14. This would make it the largest allocation since the fourth quarter of 2010, according to data compiled by Bloomberg.
Teva fell to a two-year low on Nov. 4 after a rift over the company’s future with Chairman Phillip Frost led to the Oct. 30 resignation of Jeremy Levin, who was brought on board as chief executive officer less than 18 months before. Concern its best-selling product, the multiple-sclerosis injection Copaxone, will lose traction as it faces stronger competition is also weighing on the shares.
Tuesday, November 19, 2013
Soros-Backed OneWest Said to Plan $1 Billion Dividend Before IPO
The payout, which regulators still have to approve, would return most of the money a group invested in OneWest as it acquired IndyMac from the Federal Deposit Insurance Corp. in 2009, said the people, who asked not to be identified because the plans are private. The dividend could also improve the Pasadena, California-based return on equity by trimming excess capital, the people said.
Monday, November 18, 2013
Soros Fund Management's new trades in Q3 13
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| George Soros |
Abbreviated financial summaries and metrics for these securities are included below. Detailed analysis and recommendations require a subscription (more information at the bottom of the article).
Why purchase Fedex Corp. (FDX)?
FedEx’s stock has rallied due to positive earnings growth and plans to buy back 32 million shares, indicating that the management is confident about its strategy and wants to deliver value to shareholders. The company has a robust financial position with a low debt-to-equity ratio. In its latest earnings announcement the company reaffirmed forecast for fiscal 2014 earnings per share (EPS) growth of 7% to 13% over Fiscal 2013 adjusted result. The company’s stock price also saw a spike recently when a number of hedge funds disclosed positions in the transportation company.
Sunday, November 17, 2013
George Soros - Third Quarter Selling Streak
The recent update of the Soros Fund Management portfolio, led by
legendary Guru
George Soros
, lists 232 stocks, 91 of them new, with a total value of $9.14
billion, and a quarter-over-quarter turnover of 24%.
George Soros is averaging a 12-month return of 23.96%.
Guru Soros made more than 80 decreases in his third quarter activity. Here's a review of three sells made by George Soros , starting with Citigroup Inc., reporting revenue of $17.9 billion for the third quarter of 2013, up from $13.7 billion in the same quarter a year ago. The global bank's quarterly net income was $3.2 billion, compared to $468 million in the same quarter of 2012. Third quarter 2013 earnings were reported as $1.00 per diluted share, up from $0.15 in the same quarter one year ago.
George Soros is averaging a 12-month return of 23.96%.
Guru Soros made more than 80 decreases in his third quarter activity. Here's a review of three sells made by George Soros , starting with Citigroup Inc., reporting revenue of $17.9 billion for the third quarter of 2013, up from $13.7 billion in the same quarter a year ago. The global bank's quarterly net income was $3.2 billion, compared to $468 million in the same quarter of 2012. Third quarter 2013 earnings were reported as $1.00 per diluted share, up from $0.15 in the same quarter one year ago.
Saturday, November 16, 2013
George Soros' Top 10 New Stock Buys
After nearly four decades and achieving unprecedented returns
for a 26-year stretch through his Quantum Fund,
George Soros
has moved on to devote the majority of his time to philanthropic
efforts. Though he closed his then-$25.5 billion Soros Fund
Management LLC to outside investors in 2011 to avoid registering
with the SEC, he still has a hand in its management of his and his
family's wealth.
In the third quarter, Soros' fund purchased 91 new stocks and at quarter end held a total of 232 stocks which have an aggregate fair value of $9.14 billion. The amount of turnover from the previous quarter was 24%.
The recent performance of Soros' stock selections:
The 10 Largest New Buys
Microsoft ( MSFT )
In the third quarter, Soros' fund purchased 91 new stocks and at quarter end held a total of 232 stocks which have an aggregate fair value of $9.14 billion. The amount of turnover from the previous quarter was 24%.
The recent performance of Soros' stock selections:
The 10 Largest New Buys
Microsoft ( MSFT )
Friday, November 15, 2013
Soros Takes a Stake in Microsoft
Soros Fund Management LLC purchased a significant new stake in Microsoft Corp.MSFT -0.35% in the quarter that ended Sept. 30, as the technology giant continues to search for a new chief executive amid a series of broad company changes.
The hedge fund, founded by billionaire investor George Soros, held firm its stake in nutrition company Herbalife Ltd.HLF +1.86%, but lowered its stakes in J.C. Penney Co.JCP +0.23% and Google Inc.GOOG +0.27% The fund raised its stake in Chevron Corp.CVX +0.39% and purchased a new stake of 1.6 million shares in FedEx Corp.FDX +0.85%
Thursday, November 14, 2013
Soros-Backed Waypoint Wins $550 Million Helicopter Debt
Waypoint Leasing, a specialist in helicopter deals whose backers include Soros Fund Management LLC, reached an agreement for borrowing capacity of as much as $550 million to secure $1 billion in assets by the end of 2014.
Waypoint has transactions lined up to bring its fleet under management to 21 helicopters exceeding $300 million in value by the end of this year, Chief Executive Officer Ed Washecka said. The models, acquired largely through sale-leaseback agreements, include aircraft from Eurocopter SAS, Finmeccanica SpA (FNC)’s AgustaWestland unit and United Technologies Corp. (UTX)’s Sikorsky.
Waypoint raised $375 million in equity this year from MSD Capital, Cartesian Capital Group and Soros to help build up its Limerick, Ireland-based helicopter leasing arm and tap demand for models used in the oil and gas industry. The debt facility includes a five-year, $335 million revolving credit line that can be expanded to $550 million, the company said in a statement.
Waypoint has transactions lined up to bring its fleet under management to 21 helicopters exceeding $300 million in value by the end of this year, Chief Executive Officer Ed Washecka said. The models, acquired largely through sale-leaseback agreements, include aircraft from Eurocopter SAS, Finmeccanica SpA (FNC)’s AgustaWestland unit and United Technologies Corp. (UTX)’s Sikorsky.
Waypoint raised $375 million in equity this year from MSD Capital, Cartesian Capital Group and Soros to help build up its Limerick, Ireland-based helicopter leasing arm and tap demand for models used in the oil and gas industry. The debt facility includes a five-year, $335 million revolving credit line that can be expanded to $550 million, the company said in a statement.
Wednesday, November 13, 2013
Soros Loses on Rackspace and THM
Today’s midday gainers are InterOil Corporation (NYSE:IOC), Western Refining, Inc. (NYSE:WNR), DISH Network Corp (NASDAQ:DISH) and midday losers are Sarepta Therapeutics Inc (NASDAQ:SRPT), Rackspace Hosting, Inc. (NYSE:RAX), International Tower Hill Mines Ltd (NYSEMKT:THM).
The stock with a major gain today is InterOil Corporation (NYSE:IOC). The energy company surged +21.44% ($81.42) after reporting solid Q3 earnings. Billionaire John Paulson holds 1.7 million IOC shares, representing 0.85% of his fund. The shareholder paid an average price of $66.64 per asset.
The stock with a major gain today is InterOil Corporation (NYSE:IOC). The energy company surged +21.44% ($81.42) after reporting solid Q3 earnings. Billionaire John Paulson holds 1.7 million IOC shares, representing 0.85% of his fund. The shareholder paid an average price of $66.64 per asset.
Monday, November 11, 2013
Soros Gets a Boost with ViroPharma Buy, Takes a Hit with Denbury
Soros wins with ViroPharma
Today’s top gainer is biotechnology company ViroPharma Inc (NASDAQ:VPHM). The stock surprisingly shot up +25.50% to $49.42. According to Bloomberg, this is the result of health company Shire Plc (NYSE:SHP) reaching an agreement to buy ViroPharma for $4.2 billion. Billionaire George Soros acquired 50,000 shares (0.02% of his fund) for $26.29 each last quarter.
Sunday, November 10, 2013
Soros and Icahn Close Out the Week On Top
Today’s top gainer is Magnum Hunter Resources Corporation (NYSE:MHR). The energy company shot up +11.17% ($7.12) after presenting a better-than-expected Q3 earnings report. Billionaire George Soros acquired 250,000 shares for $3.27 last quarter. This position represents 0.01% of Soros’ portfolio.The second company in our daily gainers list is The Gap, Inc. (NYSE:GPS). The clothing firm rose +8.68 to $41.03 on the heels of a report of solid Q3 earnings. Edward Lampert holds 10.3 million shares, which represent 14.47% of his fund, purchased at $19.49. Ray Dalio owns 82,000 shares (0.03% of his fund). The shareholder paid $33.56 per asset.
Saturday, November 9, 2013
Billionaire George Soros gives $1 million for humanitarian efforts in war-ravaged Syria
Billionaire financier George Soros is pledging $1 million for humanitarian efforts in war-ravaged Syria.
Soros announced the pledge to the International Rescue Committee on Wednesday night after receiving its Freedom Award in recognition of his lifelong support for human rights and an open society.
Soros said people are starving and will soon be freezing in Syria as winter arrives and malnutrition among children is increasing.
Soros announced the pledge to the International Rescue Committee on Wednesday night after receiving its Freedom Award in recognition of his lifelong support for human rights and an open society.
Soros said people are starving and will soon be freezing in Syria as winter arrives and malnutrition among children is increasing.
Friday, November 8, 2013
Soros gives $1 Million to Syria Humanitarian Aid
UNITED NATIONS (AP) Billionaire financier George Soros is pledging $1 million for humanitarian efforts in war-ravaged Syria.
Soros announced the pledge to the International Rescue Committee on Wednesday night after receiving its Freedom Award in recognition of his lifelong support for human rights and an open society.
Soros said people are starving and will soon be freezing in Syria as winter arrives and malnutrition among children is increasing.
Soros announced the pledge to the International Rescue Committee on Wednesday night after receiving its Freedom Award in recognition of his lifelong support for human rights and an open society.
Soros said people are starving and will soon be freezing in Syria as winter arrives and malnutrition among children is increasing.
Thursday, November 7, 2013
Soros Gets a Little Lift from Startup Pick OpenTable
Soros wins with OpenTable
Today’s top gainer is OpenTable Inc (NASDAQ:OPEN), a company that provides restaurant reservation solutions around the world. The stock shot up +13.79%, reaching $80.90, after announcing better-than-expected Q3 earnings. Billionaire George Soros acquired 36,000 shares (0.02% of his fund) for $62.49 each last quarter.
Wednesday, November 6, 2013
Soros Fund Boosts Mercury Systems Stake
Tuesday, November 5, 2013
George Soros wins with Extreme Networks (NASDAQ:EXTR)
George Soros wins with Extreme Networks
Kicking off the week on top of our daily gainers list is Extreme Networks, Inc (NASDAQ:EXTR). The energy company shot up +15.81% ($6.22) after apparently having knocked it out of the park with its earnings report. Billionaire George Soros holds more than 9.2 million shares, representing 0.35% of his fund. The investor paid an average price of $2.48 per share.
Following Extreme Networks is Alpha Natural Resources, Inc. (NYSE:ANR). The energy stock increased +9.79%, reaching $8.16, after the company informed a new plan to cut $200 million in expenses. This was well received-news for John Paulson, who owns four million shares (0.15% of his fund). The billionaire paid an average price of $8.16 per share.
http://www.valuewalk.com/2013/11/soros-gets-boost-energy-extreme-networks-surge/
Monday, November 4, 2013
Soros Review: Four Highest-Yield Stocks
Here's a review of the four highest-yield stocks in the Soros portfolio:
Penn Virginia Corporation ( PVA )
Yield: 16.40%
Up 99% over 12 months, Penn Virginia Corporation, an independent oil and gas E&P company, has a market cap of $600.69 million; its shares were traded at around $9.20. Shares trade with a P/B of 0.67.
Guru Action: As of the second quarter of 2013, George Soros holds 1,878,242 shares valued at around $8.82 million.
Read more: http://www.nasdaq.com/article/soros-review-four-highestyield-stocks-cm295729#ixzz2jg752iRr
Saturday, November 2, 2013
Robin Hood Tax : Soros-tied tax advances on Wall Street
The Robin Hood tax was proposed by U.S. politicians closely tied to the country’s largest socialist organization, WND has learned.
The Congressional Budget Office has warned the Robin Hood tax on certain financial transactions could “diminish the importance of the United States as a major financial market” and that “imposing the transaction tax would probably reduce output and employment.”
The imposition of the Robin Hood tax has been a key demand of the Occupy movement. It is heavily supported by billionaire George Soros.
Sachs’ address to Congress on Wednesday came the same day 200 advocates of the Robin Hood tax marched up Constitution Avenue in Washington D.C., reported the Communist Party USA’s online newspaper.
Sachs has been a long-time proponent of the Robin Hood tax. He is a Columbia University economist who crafted a controversial economic “shock therapy.” Sachs is a key member of the Institute for New Economic Thinking, or INET.
Aaron Klein’s “Impeachable Offenses: The Case to Remove Barack Obama from Office” is available, autographed, at WND’s Superstore
Soros is INET’s founding sponsor, with the billionaire having provided a reported $25 million over five years to support INET activities.
In April 2011, Sachs keynoted INET’s annual meeting, which took place in the mountains of Bretton Woods, N.H.
The gathering took place at the Mount Washington Hotel, famous for hosting the original Bretton Woods economic agreements drafted in 1944. That conference’s goal was to rebuild a post-World War II international monetary system. The April gathering had a similarly stated goal – a global economic restructuring.
Earlier this month, Sachs faced a slew of bad publicity after the release of a new book about him titled “The Idealist: Jeffrey Sachs and the Quest to End Poverty.” In the work, author Nina Munk describes Sachs failed quest to bring financial aid to Africa via the Soros-funded Millennium Villages Project.
Forbes reported on the “more than disappointing” results of Sachs’ project as outlined in Munk’s book: “Villagers use their new mosquito nets (distributed to prevent malaria) on goats. Water-carrying donkeys drop dead. Hospital generators break down. Much-anticipated markets for banana flour and pineapple never materialize.”
Meanwhile, in April, Rep. Keith Ellison, D-Minn., reintroduced the Inclusive Prosperity Act, also dubbed the Robin Hood tax.
The act was introduced last year as the “Wall Street Trading and Speculators Tax Act” by Rep. Peter DeFazio, D-Ore.
A Senate version was also previously attempted by Sen. Bernie Sanders, I-Vt.
DeFazio was previously listed on scrubbed sections of the Democrat Socialists of America website, or DSA, as being a member. He is a founder of the Congressional Progressive Caucus, which was also founded by Sanders and originally openly partnered with the DSA.
Read more at http://mobile.wnd.com/2013/10/soros-tied-tax-advances-on-wall-street/#DB8lG4VaQLoeDWtv.99
Friday, November 1, 2013
George Soros & The Robin Hood Tax
The Robin Hood tax was proposed by U.S. politicians closely tied to the country’s largest socialist organization, WND has learned.
The Congressional Budget Office has warned the Robin Hood tax on certain financial transactions could “diminish the importance of the United States as a major financial market” and that “imposing the transaction tax would probably reduce output and employment.”
The imposition of the Robin Hood tax has been a key demand of the Occupy movement. It is heavily supported by billionaire George Soros.
Read more at http://www.wnd.com/2013/10/soros-tied-tax-advances-on-wall-street/#HzbP0HrAPjrkpjyD.99
Thursday, October 31, 2013
Billionaire Soros Throws Support Behind Clinton in 2016 Race for the White House
Billionaire financier George Soros shows no equivocation with his
stance in support of Hillary Clinton on the 2016 Presidential election,
after pledging $25,000 to political action committee Ready For Hillary.
"His support for Ready for Hillary is an extension of his long-held belief in the power of grassroots organizing," said Soros spokesman Michael Vachon, according to a report by Reuters.
http://jewishvoiceny.com/index.php?option=com_content&view=article&id=5673:billionaire-soros-throws-support-behind-clinton-in-2016-race-for-the-white-house&catid=110:national&Itemid=293
"His support for Ready for Hillary is an extension of his long-held belief in the power of grassroots organizing," said Soros spokesman Michael Vachon, according to a report by Reuters.
Wednesday, October 30, 2013
Soros wins with Xylem and Tableau Software
You Win Some, You Lose Some: Tuesday A Wash For Soros on Wall Street
Today’s daily gainers are Xylem Inc (NYSE:XYL), Pitney Bowes Inc. (NYSE:PBI), Tableau Software Inc (NYSE:DATA) and daily losers are The Goodyear Tire & Rubber Company (NASDAQ:GT), MeadWestvaco Corp. (NYSE:MWV), Constant Contact Inc (NASDAQ:CTCT).
Today’s top gainer is Xylem Inc. (NYSE:XYL).
The tech company’s stock price rose +11.30% to $32.20 after signing an
agreement with WaTech® to evaluate new water technologies and accelerate
the commercialization of innovative products and services. This comes
as a good bit of news for George Soros, who owns 401,000 Xylem shares purchased at $25.89 each. This position represents 0.12% of his fund.
Coming in second is Pitney Bowes Inc. (NYSE:PBI). The software and hardware company performed +10.26% ($21.21) despite reporting a miss in target earnings. Tiger Global holds 1.8 million shares, which represent 0.47% of its portfolio. Tiger paid an average price of $11.95 per asset.
Tuesday, October 29, 2013
Corporate Executives Join Soros-Backed 'Fly-In' Campaign to Push Amnesty
Several corporate executives have
joined forces with prominent local lawmakers, Facebook’s Mark
Zuckerberg, and George Soros’ National Immigration Forum (NIF) to
organize a campaign on Monday to target GOP lawmakers on Capitol Hill to
get them to try to support amnesty.
Those executives
include Microsoft CEO Steve Ballmer, Boeing CEO and chairman Jim
McNerney, Marriott hotels chairman and CEO Bill Marriott, NewsCorp
chairman and CEO Rupert Murdoch, and Disney president and CEO Bob Iger.
Full story: http://feedproxy.google.com/~r/BigGovernment/~3/1kLgx2bvSaM/story01.htm
Full story: http://feedproxy.google.com/~r/BigGovernment/~3/1kLgx2bvSaM/story01.htm
Monday, October 28, 2013
Soros - Get Ready For Hillary 2016
Its founding mission was to lead a nationwide grassroots movement encouraging former U.S. Senator and Secretary of State Hillary Clinton 
to
run for President in 2016. By its ninth month as an active
organization, RFH boasted “over one million supporters and over 20,000
grassroots donors.”
Ready For Hillary was co-founded by Allida Black and Adam Parkhomenko. Black, who earned a Ph.D. from George Washington University in 1993, is currently a Research Professor of History and International Affairs at GWU. She was also the founding editor of The Eleanor Roosevelt Papers, a project designed to “preserve, teach and apply Eleanor Roosevelt's writings and discussions of human rights and democratic politics.” Moreover, Black is a lesbian activist who lauds Mrs. Clinton for her “support for LGBT rights and marriage equality.”
http://www.rightsidenews.com/2013102633397/us/politics/soros-get-ready-for-hillary-2016.html
to
run for President in 2016. By its ninth month as an active
organization, RFH boasted “over one million supporters and over 20,000
grassroots donors.”
Ready For Hillary was co-founded by Allida Black and Adam Parkhomenko. Black, who earned a Ph.D. from George Washington University in 1993, is currently a Research Professor of History and International Affairs at GWU. She was also the founding editor of The Eleanor Roosevelt Papers, a project designed to “preserve, teach and apply Eleanor Roosevelt's writings and discussions of human rights and democratic politics.” Moreover, Black is a lesbian activist who lauds Mrs. Clinton for her “support for LGBT rights and marriage equality.”
http://www.rightsidenews.com/2013102633397/us/politics/soros-get-ready-for-hillary-2016.html
Sunday, October 27, 2013
Financier George Soros backs Hillary Clinton for U.S. president
"Financier George Soros backs Hillary Clinton for U.S. president"
Soros, 83, has pledged $25,000 to political action committee Ready For Hillary, the largest and best-funded independent group backing a potential Clinton candidacy. The wife of former President Bill Clinton would be widely viewed as the favorite for the Democratic presidential nomination if she decides to run.http://www.correntewire.com/financier_george_soros_backs_hillary_clinton_for_us_president
"His support for Ready for Hillary is an extension of his long-held belief in the power of grassroots organizing," said Soros spokesman Michael Vachon.
But symbolically, Soros' support could mean much more - particularly at a time when Clinton's supporters are seeking to ward off potential challengers to her in Democratic presidential primaries.
Soros was a huge financial backer of Democrats during the 2004 election cycle, donating an estimated $27.5 million. He also contributed heavily to Senator Barack Obama's presidential campaign in 2008. Clinton lost the Democratic nomination to Obama that year.
Saturday, October 26, 2013
Billionaire Soros Joins 'Ready for Hillary' Team
Soros will be co-chair of the group's national finance council, Soros' political director Michael Vachon said in an emailed statement.
"George Soros is delighted to join more than 1 million Americans in supporting Ready for Hillary," Vachon said. "His support for Ready for Hillary is an extension of his long-held belief in the power of grass-roots organizing."
Read More: http://www.newsmax.com/Newsfront/george-soros-hillary-clinton-pac-president/2013/10/24/id/532952#ixzz2ipGOMr1o
Friday, October 25, 2013
George Soros backs pro-Hillary Clinton super PAC
WASHINGTON — Billionaire financier George Soros is joining forces
with others urging Hillary Rodham Clinton to run for president in 2016,
becoming the best-known Democratic donor to provide his money and name
to the Ready for Hillary super PAC.
The move, announced Thursday by the super PAC via Twitter, could attract other big-name donors to a possible Clinton candidacy, potentially making it harder for other Democrats to compete financially with Clinton should she decide to seek the nomination.
Soros will serve as a co-chair of the super PAC's national finance council. Each member commits to contribute or raise at least $25,000 for the political action committee. The council meets Nov. 12 in New York City.
Read More : http://www.usatoday.com/story/news/politics/2013/10/24/george-soros-joins-fundraising-effort-to-promote-hillary-rodham-clinton-presidential-bid-ready-for-hillary-super-pac/3177411/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+usatoday-NewsTopStories+%28USATODAY+-+News+Top+Stories%29
The move, announced Thursday by the super PAC via Twitter, could attract other big-name donors to a possible Clinton candidacy, potentially making it harder for other Democrats to compete financially with Clinton should she decide to seek the nomination.
Soros will serve as a co-chair of the super PAC's national finance council. Each member commits to contribute or raise at least $25,000 for the political action committee. The council meets Nov. 12 in New York City.
Thursday, October 24, 2013
Soros Goes Two-for-Three On Biggest Losers of the Day
Today’s daily gainers are Federal-Mogul Corp (NASDAQ:FDML), Canadian Pacific Railway Limited (NYSE:CP), Alpha Natural Resources, Inc. (NYSE:ANR) and daily losers are STMicroelectronics N.V. (NYSE:STM), International Tower Hill Mines Ltd. (NYSEMKT:THM), Unwired Planet, Inc. (NASDAQ:UPIP).
Federal-Mogul is today’s top performing stock
Federal-Mogul is today’s top performing stock
Federal-Mogul Corp (NASDAQ:FDML),
a supplier of various components, accessories, and systems in the
United States and internationally, surged +17.84% today to reach $18.43
on the heels of the announcement of higher-than-expected earnings. With
76.6 million shares, FDML represents 3.64% of Carl Icahn’s portfolio. The billionaire has gained 34.59% in this position, having paid an average price of $13.75 per share.
http://www.valuewalk.com/2013/10/soros-goes-two-three-biggest-losers-day/
Monday, October 21, 2013
George Soros : The Dollar is the Weakest Currency except for all the others
“The dollar is the weakest currency except for all the others,” George Soros, chairman of Soros Fund Management, told The New York Times last week.
Sunday, October 20, 2013
Soros-funded group plans “conservative fly-in” to get House to vote on Amnesty
An organization funded by globalist George Soros is planning a “fly-in” of individuals claiming to be conservatives in an attempt to pressure House Republicans to take up the Democrat’s amnesty bill.
Following the recent raucous in Washington over the past few weeks over the continuing resolution and the debt ceiling, the president as well as other Democrats use extremely vitriolic language to describe the Republican party. Among the words bandied about were arsonist, terrorist, suicide bomber, treasonous, and even attempts to compare them to Confederates who supported slavery.
Read more at http://usfinancepost.com/soros-funded-group-plans-conservative-fly-in-to-get-house-to-vote-on-amnesty-8628.html#2MBcG3qZPH8m6LI9.99
Read more at http://usfinancepost.com/soros-funded-group-plans-conservative-fly-in-to-get-house-to-vote-on-amnesty-8628.html#2MBcG3qZPH8m6LI9.99
Saturday, October 19, 2013
We Need Both, Euro Bonds and structural Reform in Individual Countries
George Soros : “We need both, euro bonds and structural reform in individual countries,” “Euro bonds are a powerful taboo,” said Soros. A
guarantee to borrow at a fixed euro-bond rate would reduce the
need to transfer aid to debt-laden southern European states
because the guarantee would never be called, he said. “The danger of default would disappear,” he said.
“That’s the free lunch you don’t have” at the moment. Transfer
payments create “a disequilibrium” that is “unacceptable in
the long term,” he said in a recent interview with Bloomberg
Friday, October 18, 2013
George Soros, Carly Fiorina, Albert Schweitzer: Liberal Arts Slackers
I was recently invited to Washington DC to give a talk at the 36th
Annual Fulbright Association Conference about the relevance of a liberal
arts education in the 21st century economy. As the president of Pitzer
College and an avid proponent of the liberal arts, this was not the
first time I have received such an invitation.
I'm always pleased to have a chance to talk about the way we learn and teach, but I have to say, it's getting increasingly difficult for me to gin up another bully pulpit defense of a well-rounded education. I mean, really, at what point did we have to start defending the value of knowledge? Of complexity? Of depth? Of communication? And frankly it strikes me as odd to be asked to defend the liberal arts in a town where the government is shut down. There are some politicians who need to do some defending, not me.
I feel a particular kinship now to those physicians who have to keep explaining that Raisinets aren't really a fruit or that Cheetos have no nutritional value. I sympathize with financial analysts who have to make clear that there are consequences to spending more than you earn, and with elementary school teachers who have suggested that too much television inhibits the reading habits of children.
http://www.huffingtonpost.com/laura-skandera-trombley/george-soros-carly-fiorin_b_4118393.html
I'm always pleased to have a chance to talk about the way we learn and teach, but I have to say, it's getting increasingly difficult for me to gin up another bully pulpit defense of a well-rounded education. I mean, really, at what point did we have to start defending the value of knowledge? Of complexity? Of depth? Of communication? And frankly it strikes me as odd to be asked to defend the liberal arts in a town where the government is shut down. There are some politicians who need to do some defending, not me.
I feel a particular kinship now to those physicians who have to keep explaining that Raisinets aren't really a fruit or that Cheetos have no nutritional value. I sympathize with financial analysts who have to make clear that there are consequences to spending more than you earn, and with elementary school teachers who have suggested that too much television inhibits the reading habits of children.
Thursday, October 17, 2013
George Soros: Greece Needs Comprehensive Debt Relief To Recover Fast
Spiegel Online.
http://www.valuewalk.com/2013/10/george-soros-on-greece-debt/
George Soros On Greece
The legendary investor pointed out the
fact that Greece will “never pay back its debt,” and the country was
able to achieve a primary surplus amid difficulties. Last month, Greece
reported that its primary surplus in the first eight months of the year was €1.5 billion instead of an estimated €2.5 billion budget deficit.
Panagiotis Petrakis, economy professor
at the University of Athens commented that the situation in Greece is
under control with the primary surplus, but it does not point to a
vigorous economy. Greece Prime Minister Antonio Samaras is confident
that
his government will return to growth next year after enduring a severe recession for six years.
During the interview, Soros said
investors will return to Greece and the country would be able to recover
rapidly if the troika [International Monetary Fund (IMF), European
Central Bank (ECB), and the European Commission (EC)] forgo the
repayment of debt as long as it meets the conditions imposed by the
official sector. “I can testify from personal experience that investors would flock to Greece once the debt overhang is removed,” added Soros.http://www.valuewalk.com/2013/10/george-soros-on-greece-debt/
Wednesday, October 16, 2013
Soros Has Bad Day as Teradata, J.C. Penney Tank
Today’s daily gainers are Allied Nevada Gold Corp. (NYSEMKT:ANV), IAMGOLD Corp (NYSE:IAG), NovaGold Resources Inc. (NYSEMKT:NG) and daily losers are Teradata Corporation (NYSE:TDC), Caesars Entertainment Corp (NASDAQ:CZR), J.C. Penney Company, Inc. (NYSE:JCP).
Allied Neveda is today’s top performing stock
Allied Neveda is today’s top performing stock
Allied Nevada Gold Corp. (NYSEMKT:ANV),
a gold and silver producer, experienced a major gain today. Its stock
price shot up +5.42%, reaching $4.29. In fact, it was a good day for
gold overall, up +0.58%. Billionaire John Paulson benefitted from this one. Paulson owns 1.5 million ANV shares (0.07% of his fund), acquired at an average price of $34.10.
Next up on our list of daily gainers is IAMGOLD Corp (NYSE:IAG),
another company boosted by gold today. The firm’s stock price climbed
+3.90% today to $4.53. Paulson again reaped the benefits here, as he
holds 3.8 million IAG shares, representing 0.12% of his portfolio.
Unfortunately, he’s got a lot of ground to make up for with this stock,
for which he originally paid an average $15.83 (it is currently valued
-71.50% below that number).
Tuesday, October 15, 2013
How George Soros plays the Stock Market
Opinions of George Soros vary depending on whom you ask, but there's no arguing against the Hungarian-American hedge fund manager's investing pedigree. Earlier this month, Soros shared his thoughts on the Eurozone crisis at the Global Economic Symposium, and most of the usual headlines that surround the billionaire are focused on his macroeconomic views.
That's all fine and dandy. We'd like to point out, though, that George Soros' Soros Fund Management does maintain a $9 billion equity portfolio too. Due to the market-beating potential of hedge funds' best stock picks (discover how we returned 47.6% in our first year), it's useful to understand how a prominent investor like Soros is playing the stock market.
At the end of last quarter, George Soros and his management team disclosed a little over 200 equity holdings, with 15% of their capital allocated to their top five stock picks. This level of concentration is not uncommon for a large hedge fund, but a few of the specific names may surprise you
http://www.marketwatch.com/story/how-george-soros-plays-the-stock-market-2013-10-04
Monday, October 14, 2013
Lowest P/E Stocks in Soros Portfolio
As of the Sept. 20, 2013 update by GuruFocus, the portfolio of George Soros of Soros Fund Management listed 203 stocks, 59 of them new, with a total value of $9.22 billion, and a quarter-by-quarter turnover of 19%.
Here's a review of the four lowest P/E stocks in the Soros portfolio:
Tivo Inc. ( TIVO )
P/E: 5.40
Up 24% over 12 months, Tivo Inc., the pay television company, has a market cap of $1.5 billion; its shares were traded at around $12.33. TIVO trades with a P/B of 2.80.
Guru Action: As of the second quarter of 2013, George Soros holds 1,000,000 shares valued at around $11.05 million.
TIVO is a new holding for Soros who has bought and sold out twice since the second quarter of 2008. His most recent new buy of 1,000,000 shares was made in the second quarter of 2013; he bought shares at an average price of $11.80, for a gain of 4.5%.
Read more: http://www.nasdaq.com/article/lowest-pe-stocks-in-soros-portfolio-cm286491#ixzz2hhyOzHOl
Here's a review of the four lowest P/E stocks in the Soros portfolio:
Tivo Inc. ( TIVO )
P/E: 5.40
Up 24% over 12 months, Tivo Inc., the pay television company, has a market cap of $1.5 billion; its shares were traded at around $12.33. TIVO trades with a P/B of 2.80.
Guru Action: As of the second quarter of 2013, George Soros holds 1,000,000 shares valued at around $11.05 million.
TIVO is a new holding for Soros who has bought and sold out twice since the second quarter of 2008. His most recent new buy of 1,000,000 shares was made in the second quarter of 2013; he bought shares at an average price of $11.80, for a gain of 4.5%.
Read more: http://www.nasdaq.com/article/lowest-pe-stocks-in-soros-portfolio-cm286491#ixzz2hhyOzHOl
Sunday, October 13, 2013
Soros-connected Vote-counting Firm Expands in U.S.
A Spanish vote-tabulation firm with ties to billionaire globalist
George Soros is purchasing software to give it greater power over the
voting in U.S. elections.
In a press release under a Barcelona and Tampa, Florida dateline, Scytl announced:
In a press release under a Barcelona and Tampa, Florida dateline, Scytl announced:
Scytl's end-to-end election modernization
solution covers the full election cycle (Pre-election, Election Day and
Post-election), providing electoral bodies the most secure,
transparent, auditable and accessible solution in the marketplace and
allows Scytl to offer personalized election modernization roadmaps to
their customers combining both traditional and online voting solutions
as needed.
Saturday, October 12, 2013
George Soros’s (incomplete) proposal to save Europe
George Soros’s (incomplete) proposal to save Europe
I’m in agreement with most of it. Yet, not all.
- Divergence in the Eurozone was largely caused by Germany not complying with the 2% inflation rule. Deflation, ever since 1999, gave Germany a means to lower the real exchange rate and steal demand from its partners (beggar-thy-neighbor).
- There is nothing good with Greece running a surplus: A surplus means
that financial assets owned by the private sector are reduced by the
same amount (as a matter of accounting).
Friday, October 11, 2013
George Soros Speech on the Future of Europe
By George Soros
I shall take a holistic approach to the future of Europe. I have developed a conceptual framework, which has guided me in my decisions throughout my adult life. The framework is much broader than the financial markets; it deals with the relationship between thinking and reality. What makes that relationship so complicated is that the thoughts and actions of participants are part of the reality they have to think about. Their thinking serves a dual function: on the one hand they try to understand the world in which they live – that is the cognitive function; on the other, they want to influence the events in which they participate – that is the manipulative function. The two functions interfere with each other – I call the interference reflexivity. The cornerstone of my conceptual framework is the human uncertainty principle, which is based on the twin pillars of fallibility and reflexivity.
The human uncertainty principle has far reaching implications for scientific method. It applies only to social phenomena and thereby it separates the social sciences from the natural sciences. Economic theory has sought to imitate the natural sciences, particularly Newtonian physics. Consequently my conceptual framework is in direct conflict with mainstream economic theory.
The differences are especially pronounced in dealing with financial problems in general and the euro crisis in particular. Mainstream economics has pursued timelessly and universally valid laws whose validity can be tested by reference to the facts. I contend that the facts produced by social processes do not constitute a reliable criterion for judging the validity of theories because of the human uncertainty principle. I do not deny the possibility of establishing universally and timelessly valid laws – the human uncertainty principle is one of them – but I consider such laws too vague and general to be of much use in producing specific predictions and explanations.
I shall take a holistic approach to the future of Europe. I have developed a conceptual framework, which has guided me in my decisions throughout my adult life. The framework is much broader than the financial markets; it deals with the relationship between thinking and reality. What makes that relationship so complicated is that the thoughts and actions of participants are part of the reality they have to think about. Their thinking serves a dual function: on the one hand they try to understand the world in which they live – that is the cognitive function; on the other, they want to influence the events in which they participate – that is the manipulative function. The two functions interfere with each other – I call the interference reflexivity. The cornerstone of my conceptual framework is the human uncertainty principle, which is based on the twin pillars of fallibility and reflexivity.
The human uncertainty principle has far reaching implications for scientific method. It applies only to social phenomena and thereby it separates the social sciences from the natural sciences. Economic theory has sought to imitate the natural sciences, particularly Newtonian physics. Consequently my conceptual framework is in direct conflict with mainstream economic theory.
The differences are especially pronounced in dealing with financial problems in general and the euro crisis in particular. Mainstream economics has pursued timelessly and universally valid laws whose validity can be tested by reference to the facts. I contend that the facts produced by social processes do not constitute a reliable criterion for judging the validity of theories because of the human uncertainty principle. I do not deny the possibility of establishing universally and timelessly valid laws – the human uncertainty principle is one of them – but I consider such laws too vague and general to be of much use in producing specific predictions and explanations.
Thursday, October 10, 2013
Soros Warns : Europe faces Disintegration
"Merkel cannot commit to creating euro bonds, the ultimate guarantee that the currency will need. But she should make clear that option is open, at the end of the process,"
Monday, October 7, 2013
GEORGE SOROS: Greece Is A Victim Of Its Creditors' Misconceptions And Taboos
Legendary investor George Soros previously said the euro crisis is over, while Europe's nightmare is getting worse.
This is because of many "misconceptions and taboos that sustain it."
In a new Project Syndicate column, Soros writes that Greece has been a victim of such taboos and misconceptions.
Read more: http://www.businessinsider.com/soros-greece-is-a-victim-of-taboos-2013-10#ixzz2h7DqxKU7
This is because of many "misconceptions and taboos that sustain it."
In a new Project Syndicate column, Soros writes that Greece has been a victim of such taboos and misconceptions.
"Greece, too, is a victim of its
creditors’ misconceptions and taboos. Everyone knows that it can never
pay back its debt, most of which is held by the official sector: the
ECB, eurozone member states, or the International Monetary Fund. After
undergoing a lot of pain and suffering, Greece is close to posting a
primary budget surplus. If the official sector could forgo repayment as
long as Greece meets the conditions imposed by the Troika (the ECB, the
European Commission, and the IMF), private capital would return and the
economy could recover rapidly.
"I can testify from personal experience
that investors would flock to Greece once the debt overhang was removed.
But the official sector cannot write down its debt, because that would
violate a number of taboos, particularly for the ECB."
Read more: http://www.businessinsider.com/soros-greece-is-a-victim-of-taboos-2013-10#ixzz2h7DqxKU7
Saturday, October 5, 2013
How George Soros plays The Stock Market
By Meena Krishnamsetty and Jake Mann
Opinions of George Soros vary depending on whom you ask, but there's no arguing against the Hungarian-American hedge fund manager's investing pedigree. Earlier this month, Soros shared his thoughts on the Eurozone crisis at the Global Economic Symposium, and most of the usual headlines that surround the billionaire are focused on his macroeconomic views.
That's all fine and dandy. We'd like to point out, though, that George Soros' Soros Fund Management does maintain a $9 billion equity portfolio too. Due to the market-beating potential of hedge funds' best stock picks (discover how we returned 47.6% in our first year), it's useful to understand how a prominent investor like Soros is playing the stock market.
http://www.marketwatch.com/story/how-george-soros-plays-the-stock-market-2013-10-04?link=MW_latest_news
Opinions of George Soros vary depending on whom you ask, but there's no arguing against the Hungarian-American hedge fund manager's investing pedigree. Earlier this month, Soros shared his thoughts on the Eurozone crisis at the Global Economic Symposium, and most of the usual headlines that surround the billionaire are focused on his macroeconomic views.
That's all fine and dandy. We'd like to point out, though, that George Soros' Soros Fund Management does maintain a $9 billion equity portfolio too. Due to the market-beating potential of hedge funds' best stock picks (discover how we returned 47.6% in our first year), it's useful to understand how a prominent investor like Soros is playing the stock market.
Friday, October 4, 2013
AMCC Gives Soros a Boost, Angie’s List Continues to Decline
Applied Micro Circuits AMCC
AMCC is today’s top performing stock
Microchip producer Applied Micro Circuits Corporation (NASDAQ:AMCC) is our top pick for today’s list of gainers. The firm’s share price climbed +7.84% to $13.62 following the announcement of the company’s new CFO, Douglas Ahrens. The news was especially well received by billionaire George Soros, who bought 226,000 AMCC shares at an average price of $8.22 last quarter. This position represents just 0.02% of his portfolio but is up +64.62% overall.
http://www.valuewalk.com/2013/10/amcc-gives-soros-boost-angies-list-continues-decline/
Thursday, October 3, 2013
George Soros: The Euro Crisis might be over, but Europe’s nightmare is getting worse
Billionaire financier and legendary speculator George Soros gave a speech Tuesday at the Global Economic Symposium in Kiel, Germany, titled “The Future of Europe.”
In the speech, Soros declared the euro crisis over:
The euro crisis is now over. This became official in the German elections where the rules governing the euro were not even discussed. Yet the system that emerged from the crisis is far from satisfactory. Mainstream economists would call it an inferior equilibrium; I call it a far-from equilibrium situation.
The euro crisis has already transformed the European Union into something radically different from what was originally intended. The EU was meant to be a voluntary association of sovereign and equal states that surrendered part of their sovereignty for the common good. It has turned into a relationship between creditors and debtors that is by its nature compulsory and unequal.
Read More : http://business.financialpost.com/2013/10/02/george-soros-the-euro-crisis-might-be-over-but-europes-nightmare-is-getting-worse/
In the speech, Soros declared the euro crisis over:
The euro crisis is now over. This became official in the German elections where the rules governing the euro were not even discussed. Yet the system that emerged from the crisis is far from satisfactory. Mainstream economists would call it an inferior equilibrium; I call it a far-from equilibrium situation.
The euro crisis has already transformed the European Union into something radically different from what was originally intended. The EU was meant to be a voluntary association of sovereign and equal states that surrendered part of their sovereignty for the common good. It has turned into a relationship between creditors and debtors that is by its nature compulsory and unequal.
Wednesday, October 2, 2013
Soros Says Euro Bonds Wouldn’t Solve Debt Crisis Without Reforms
Billionaire investor George Soros repeated his support for euro bonds to fight Europe’s sovereign crisis, saying joint debt liability would lower the cost of borrowing for individual euro member states.
Common euro-area bonds alone can’t solve the crisis, now in its fourth year he said at the Global Economic Symposium in Kiel, North Germany.
“We need both, euro bonds and structural reform in individual countries,” said Soros.
German Chancellor Angela Merkel, whose Christian Democratic bloc last month recorded its best election result in 23 years, repeatedly rejected the notion of debt mutualization in the euro area, arguing that these would create the wrong incentives for debt-laden states and damp their appetite for economic-policy changes.
“Euro bonds are a powerful taboo,” said Soros. A guarantee to borrow at a fixed euro-bond rate would reduce the need to transfer aid to debt-laden southern European states because the guarantee would never be called, he said.
http://www.bloomberg.com/news/2013-10-01/soros-says-euro-bonds-wouldn-t-solve-debt-crisis-without-reforms.html
Common euro-area bonds alone can’t solve the crisis, now in its fourth year he said at the Global Economic Symposium in Kiel, North Germany.
“We need both, euro bonds and structural reform in individual countries,” said Soros.
German Chancellor Angela Merkel, whose Christian Democratic bloc last month recorded its best election result in 23 years, repeatedly rejected the notion of debt mutualization in the euro area, arguing that these would create the wrong incentives for debt-laden states and damp their appetite for economic-policy changes.
“Euro bonds are a powerful taboo,” said Soros. A guarantee to borrow at a fixed euro-bond rate would reduce the need to transfer aid to debt-laden southern European states because the guarantee would never be called, he said.
Tuesday, October 1, 2013
George Soros on Financial Markets, the Subprime Mortgage Crisis, and the Credit Crash (2008)
During September 2008, the crisis hit its most critical stage. There was the equivalent of a bank run on the money market mutual funds, which frequently invest in commercial paper issued by corporations to fund their operations and payrolls. Withdrawal from money markets were $144.5 billion during one week, versus $7.1 billion the week prior. This interrupted the ability of corporations to rollover (replace) their short-term debt. The U.S. government responded by extending insurance for money market accounts analogous to bank deposit insurance via a temporary guarantee[180] and with Federal Reserve programs to purchase commercial paper. The TED spread, an indicator of perceived credit risk in the general economy, spiked up in July 2007, remained volatile for a year, then spiked even higher in September 2008, reaching a record 4.65% on October 10, 2008.
In a dramatic meeting on September 18, 2008, Treasury Secretary Henry Paulson and Fed chairman Ben Bernanke met with key legislators to propose a $700 billion emergency bailout. Bernanke reportedly told them: "If we don't do this, we may not have an economy on Monday." The Emergency Economic Stabilization Act, which implemented the Troubled Asset Relief Program (TARP), was signed into law on October 3, 2008.
Economist Paul Krugman and U.S. Treasury Secretary Timothy Geithner explain the credit crisis via the implosion of the shadow banking system, which had grown to nearly equal the importance of the traditional commercial banking sector as described above. Without the ability to obtain investor funds in exchange for most types of mortgage-backed securities or asset-backed commercial paper, investment banks and other entities in the shadow banking system could not provide funds to mortgage firms and other corporations.
This meant that nearly one-third of the U.S. lending mechanism was frozen and continued to be frozen into June 2009.[132] According to the Brookings Institution, the traditional banking system does not have the capital to close this gap as of June 2009: "It would take a number of years of strong profits to generate sufficient capital to support that additional lending volume." The authors also indicate that some forms of securitization are "likely to vanish forever, having been an artifact of excessively loose credit conditions." While traditional banks have raised their lending standards, it was the collapse of the shadow banking system that is the primary cause of the reduction in funds available for borrowing.
There is a direct relationship between declines in wealth, and declines in consumption and business investment, which along with government spending represent the economic engine. Between June 2007 and November 2008, Americans lost an estimated average of more than a quarter of their collective net worth. By early November 2008, a broad U.S. stock index the S&P 500, was down 45% from its 2007 high. Housing prices had dropped 20% from their 2006 peak, with futures markets signaling a 30--35% potential drop. Total home equity in the United States, which was valued at $13 trillion at its peak in 2006, had dropped to $8.8 trillion by mid-2008 and was still falling in late 2008. Total retirement assets, Americans' second-largest household asset, dropped by 22%, from $10.3 trillion in 2006 to $8 trillion in mid-2008. During the same period, savings and investment assets (apart from retirement savings) lost $1.2 trillion and pension assets lost $1.3 trillion. Taken together, these losses total a staggering $8.3 trillion. Since peaking in the second quarter of 2007, household wealth is down $14 trillion.
Further, U.S. homeowners had extracted significant equity in their homes in the years leading up to the crisis, which they could no longer do once housing prices collapsed. Free cash used by consumers from home equity extraction doubled from $627 billion in 2001 to $1,428 billion in 2005 as the housing bubble built, a total of nearly $5 trillion over the period. U.S. home mortgage debt relative to GDP increased from an average of 46% during the 1990s to 73% during 2008, reaching $10.5 trillion.
To offset this decline in consumption and lending capacity, the U.S. government and U.S. Federal Reserve have committed $13.9 trillion, of which $6.8 trillion has been invested or spent, as of June 2009. In effect, the Fed has gone from being the "lender of last resort" to the "lender of only resort" for a significant portion of the economy. In some cases the Fed can now be considered the "buyer of last resort".
http://en.wikipedia.org/wiki/Financia...
Monday, September 30, 2013
Top 2 Picks From George Soros Portfolio
For more than 40 years, George Soros delivered an average annual return of about 20% to the investors in his hedge fund. At that rate of return, a $10,000 investment when the fund was started in 1969 would have grown to more than $20 million when Soros closed the fund in 2011.
Soros did not provide day-to-day management for the fund throughout its entire history, but he was the driving force behind those gains.
He may be best known for his success in the currency markets. Soros is the trader who broke the Bank of England and enjoyed a $1 billion profit in a single day. But Soros started his career as a stock market analyst and demonstrated his extraordinary talent for investing in his 1987 book, "The Alchemy of Finance." His stock selection was responsible for most of the returns in his hedge fund. His fund more than doubled in about a year while he was documenting his thoughts about the markets.
Read more: http://www.nasdaq.com/article/my-top-2-picks-from-george-soros-portfolio-cm277558#ixzz2gOipMviM
Soros did not provide day-to-day management for the fund throughout its entire history, but he was the driving force behind those gains.
He may be best known for his success in the currency markets. Soros is the trader who broke the Bank of England and enjoyed a $1 billion profit in a single day. But Soros started his career as a stock market analyst and demonstrated his extraordinary talent for investing in his 1987 book, "The Alchemy of Finance." His stock selection was responsible for most of the returns in his hedge fund. His fund more than doubled in about a year while he was documenting his thoughts about the markets.
Read more: http://www.nasdaq.com/article/my-top-2-picks-from-george-soros-portfolio-cm277558#ixzz2gOipMviM
Sunday, September 29, 2013
The Bottom of the Barrel at the George Soros Institute for Internet Trolling
Don wrote: Just how many vacation days did President George W. Bush take during his reign? - Obama on Vacation: The $28,429,533.47 Man
Dear Comrade Don,
George W. Bush took vacations either at his own home in Texas or at his parents’ place in Kennebunkport. That’s not the same thing as flying off to South Africa on safari or touring Brazil or hanging at Martha’s Vineyard.
It’d be nice to see the Obamas go back to Illinois, back to Hyde Park for a vacation, and hey, it would lower their carbon footprint too.
But when exactly have liberals been a "do-as-I-do" kind of people?
The most consistent feature of liberal legislation is that it exempts them and their lobbyists, unions and corporate pals from the effects of the social engineering they foist on the rest of us.
http://finance.townhall.com/columnists/johnransom/2013/09/29/the-bottom-of-the-barrel-at-the-george-soros-institute-for-internet-trolling-n1712412
Dear Comrade Don,
George W. Bush took vacations either at his own home in Texas or at his parents’ place in Kennebunkport. That’s not the same thing as flying off to South Africa on safari or touring Brazil or hanging at Martha’s Vineyard.
It’d be nice to see the Obamas go back to Illinois, back to Hyde Park for a vacation, and hey, it would lower their carbon footprint too.
But when exactly have liberals been a "do-as-I-do" kind of people?
The most consistent feature of liberal legislation is that it exempts them and their lobbyists, unions and corporate pals from the effects of the social engineering they foist on the rest of us.
http://finance.townhall.com/columnists/johnransom/2013/09/29/the-bottom-of-the-barrel-at-the-george-soros-institute-for-internet-trolling-n1712412
Friday, September 27, 2013
Soros Adviser Turned Lawmaker Sees Crisis by 2020: Japan Credit
Takeshi Fujimaki, a former adviser to billionaire George Soros and now a member of Japan’s upper house of parliament, said a fiscal crisis in Asia’s second-biggest economy is inevitable and neither a higher sales tax nor the 2020 Olympics will be able to stop it.
“I decided to become a politician because I think financial crisis will come sooner or later,” Fujimaki said in a Sept. 24 interview in Tokyo. “This total debt will continue to increase. I don’t think Japan can survive until 2020.”
Read More : http://www.bloomberg.com/news/2013-09-27/soros-adviser-turned-lawmaker-sees-crisis-by-2020-japan-credit.html
“I decided to become a politician because I think financial crisis will come sooner or later,” Fujimaki said in a Sept. 24 interview in Tokyo. “This total debt will continue to increase. I don’t think Japan can survive until 2020.”
Read More : http://www.bloomberg.com/news/2013-09-27/soros-adviser-turned-lawmaker-sees-crisis-by-2020-japan-credit.html
George Soros Ex-Wife Is Selling Her Gorgeous NYC Apartment For $39 Million
George Soros' ex-wife, Susan, is selling her five bedroom apartment on New York's Upper West Side for $39 million, says the Wall Street Journal.
In addition to 6,000-square-feet and a view of Central Park, the apartment comes with an 800-square-foot guest apartment three floors down (the 16th floor). Then there are the 9.5 foot high ceilings, the meditation room, the five bathrooms, the two terraces.
You get the picture, this place is beyond nice.
Read more: http://www.businessinsider.com/susan-soros-apt-on-sale-for-39-million-2013-9?op=1#ixzz2g5aMiiHW
In addition to 6,000-square-feet and a view of Central Park, the apartment comes with an 800-square-foot guest apartment three floors down (the 16th floor). Then there are the 9.5 foot high ceilings, the meditation room, the five bathrooms, the two terraces.
You get the picture, this place is beyond nice.
Read more: http://www.businessinsider.com/susan-soros-apt-on-sale-for-39-million-2013-9?op=1#ixzz2g5aMiiHW
Thursday, September 26, 2013
George Soros : I am endorsing Bill de Blasio for New York City Mayor
George Soros : "I am endorsing Bill de Blasio for Mayor because I believe he has the talent, vision and ability to lead New York City," -
Sep 17, 2013 in WND.com
Wednesday, September 25, 2013
Invest Like George Soros, Carl Ichan and John Paulson
Two ETFs To Invest Like George Soros, Carl Ichan and John Paulson
Neena Mishra: The Federal Reserve has decided to keep its $85 billion bond buying program in place and the stock market which was in the consolidation mode for the last few weeks, has resumed its upward march. With the punch bowl still on the table, the stock market party may go on some time.
As a result of stock market optimism, investors have continued to pour a lot of money in US equity funds this year, but most of the money has gone to top few ETFs. The largest ETF SPDR S&P 500 ETF (SPY) now has a whopping $148.2 billion in AUM. On the other hand, many smaller ETFs, particularly the ones that focus on certain ‘niche’ strategies continue to remain out of limelight.
Some of these ‘niche’ ETFs provide access to certain obscure corners of the investment world that are otherwise not accessible to ordinary investors. One such area is hedge fund investing.
Read More>>>> : http://etfdailynews.com/2013/09/24/two-etfs-to-invest-like-george-soros-carl-ichan-and-john-paulson/
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