Soros Wagers on Scandal-Hit GAM

Billionaire investor George Soros, who rose to fame in the wake of a successful bet against the Bank of England in 1992, disclosed a 3% stake in the Swiss firm GAM Holding AG “after the asset manager lost two-thirds of its value over a scandal involving a former star bond trader.” This according to a recent article in Bloomberg. The article reports that GAM is “still bleeding assets” to the tune of $28 billion since… Read More

Soros: Global Financial Crisis Brewing

In a recent speech, billionaire money manager George Soros warned that the European Union is facing an “imminent existential threat,” according to an article in Bloomberg. Soros cited a surging dollar and outflow of capital from emerging markets as contributing factors, as well as the termination of the nuclear deal with Iran and the “destruction” of the transatlantic alliance between the EU and the U.S. which, he said, are “bound to have a negative effect… Read More

George Soros’ Outlook Dim

At the World Economic Forum in Davos, Switzerland, George Soros wasn’t optimistic about the current state of affairs, according to a recent Bloomberg article. According to the article, the chairman of Soros Fund Management referred to Trump as a “con man” who will “fail because his ideas are contradictory and his White House advisers and cabinet members will fight with each other.” Soros added that the stock market rally in the wake of Trump’s policy… Read More

Investing Like Buffett and Soros Could be Within Reach

New research shows that “ordinary” investors may be able to emulate the extraordinary tactics of legends such as Warren Buffett or George Soros by using factor-based strategies. This according to Validea CEO John Reese in last week’s issue of  The Globe and Mail. The study, conducted by AQR Capital Management, compared returns for “superstar investors to portfolios it constructed with a small set of buy and sell signals that tracked the investing styles of Mr.… Read More

George Soros is Feeding the Bear

In recent years, 85-year-old billionaire George Soros hasn’t done much investing of his own. He has instead focused on public philanthropy and public policy (and is a large contributor to the super PAC backing Hillary Clinton). That changed earlier this year when he began spending more time directing trades at his firm Soros Fund Management LLC, which manages $30 billion for Mr. Soros and his family. Some close to him say that his resurfacing has… Read More

Soros Beefs Up Hedge against the S&P 500

Soros Fund Management has doubled its put option (the right to sell shares at a specified price) on the SPDR S&P 500 exchange-traded fun (which tracks the benchmark U.S. index), according to an article this week on CNBC. The asset management company founded by billionaire George Soros said it owned an option to sell 2.1 million of the index shares in the first quarter of 2016 (up from an option for 1 million shares held… Read More

Jim Rogers Sees A Global Bear Market Coming

  Jim Rogers, known for the 4,200% gain he and partner George Soros secured over a decade in the 1970s, told a Barron’s interviewer that he sees a significant bear market coming. “In America we’ve had economic setbacks every 4 to 7 years since the beginning of the Republic and chances are that we’re certainly getting closer to being due . . . and the next bear market is going to be worse than most… Read More

Soros Talks China, Dollar, Inflation

Hedge fund guru George Soros says inflation in China is a serious concern, and says the Asian power made a mistake in not letting its currency appreciate in value. Soros also tells Bloomberg that the U.S. dollar has lost its place as the world’s reserve currency, with other currencies like the Euro and even commodities like oil and gold cutting into the greenback’s dominant position. [youtube=]

Soros: Recession “Almost Inevitable” for Europe

Hedge fund guru George Soros says that a recession in Europe is “almost inevitable”, and that the push to curb government spending while major economic problems remain there could lead to a downward spiral. Soros, who last week said that the world had just entered “Act II” of the global financial crisis, told a seminar this week that Germany has imposed its own standards on the rest of Europe, which could lead to trouble, Reuters… Read More

Soros: China Overheating; Gold the “Ultimate Bubble”

Hedge fund guru George Soros made a couple big statements Thursday, saying that China’s stock market is “overheating”, and that gold is becoming the “ultimate bubble”. “Right now, the Chinese market is overheating and they have to slow it down,” Soros said on Bloomberg Television. “It remains to be seen how successful they are.” As for gold, Soros says that low interest rates around the globe are creating an environment in which new bubbles have… Read More