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Monday, November 18, 2013

Soros Fund Management's new trades in Q3 13

George Soros
George Soros
Soros Fund Management is a large private fund run by the legendary team of famed investor George Soros. In Q3 2013, it started new positions in Microsoft Corp. (MSFT), Fedex Corp. (FDX), Teva Pharmaceuticals (TEVA), and Halliburton (HAL), and sold Delta Airlines (DAL) and United Continental Holdings (UAL).

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.

Read More : http://marketrealist.com/2013/11/soros-fund-management-starts-new-positions-msft-fdx-teva-hal-sells-dal-ual-13f-flash-b/

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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.