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.
A fan-published Blog Tracking Investor Billionaire and philanthropist George Soros ,The Soros Fund Management and the Quantum Fund Investments
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
Labels:
Oil 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.”
Labels:
Soros Fellowship
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.
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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.