GEORGE SOROS BLOG

Showing posts with label Soros Fund Management. Show all posts

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.

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.

George Soros slashes exposure to US equities

By James Quinn - The Telegraph | Published: 7:51 AM 08/19/2010
The legendary investor’s Soros Fund Management – which has approximately $25bn (£16bn) under management – reduced its equity investments by 42pc to $5.1bn by the end of June, down from $8.8bn at the end of March.

The asset allocation decisions were made during a period in which the Standard & Poor’s 500 index – the broadest US equity index – fell 12pc.

The fact that Mr Soros – best known as the man reputed to have made $1bn by “breaking the Bank of England” during the 1992 fiscal crisis – has decided to make such a concerted shift out of equities will send a clear message to other investors.

Full Story: George Soros slashes exposure to US equities – Telegraph

Thursday, April 1, 2010

George Soros on Charlie Rose

A conversation with George Soros, Chairman, Soros Fund Management. A conversation with actress Helen Mirren about her book In the Frame: My Life in Words and Pictures

Who is George Soros

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.

George Soros is a self-described student of Karl Popper, and strong opponent of totalitarianism. He has devoted much time to philanthropy — among other projects, founding the Open Society Institute in 1993 — and, after 2001, to US domestic politics, donating millions of dollars to Democratic candidates and liberal 527 organizations and earning political enmity in the process. Soros has published numerous books, including THE CREDIT CRISIS OF 2008 AND WHAT IT MEANS; THE AGE OF FALLIBILITY: CONSEQUENCES OF THE WAR ON TERROR (Public Affairs, 2006); THE BUBBLE OF AMERICAN SUPREMACY (2005); GEORGE SOROS ON GLOBALIZATION (2002); OPEN SOCIETY: REFORMING GLOBAL CAPITALISM (2000); THE CRISIS OF GLOBAL CAPITALISM: OPEN SOCIETY ENDANGERED (1998); SOROS ON SOROS: STAYING AHEAD OF THE CURVE (1995); UNDERWRITING DEMOCRACY (1991); OPENING THE SOVIET SYSTEM (1990); and THE ALCHEMY OF FINANCE (1987). His essays on politics,