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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.

“It just makes sense to want to own Teva, certainly at this price level,” Jason Kolbert, an analyst at Maxim Group LLC in New York, said in a phone interview on Nov. 26. “Value buyers are really saying that the stock is oversold. That’s the nature of the conversations that I’ve had with the institutions that are calling me.”
George Soros
George Soros
http://www.bloomberg.com/news/2013-11-30/teva-s-woes-disregarded-as-shares-rally-israel-overnight.html
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1 comment:

  1. AnonymousJanuary 14, 2014 at 2:59 AM

    Although mentioned firm one of the renowned firm of the world but investment is one aspect where every one calculates his profit and for this investment management software could be used before coming to a conclusion.

    ReplyDelete

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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.