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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.


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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.