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George Soros

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  • HOUSTON, Feb 20- Barely two months into his new job as the head of the world's largest offshore driller, Steven Newman was steering Transocean through the 2010 Gulf of Mexico oil spill, quickly earning a reputation as a CEO with a steady hand. A Transocean official declined to comment. According to a Transocean presentation, its fleet is about 25 percent larger than...

  • NEW YORK, Feb 13- Argentina's defaulted bonds rallied Friday after a UK court ruling on their jurisdiction, surprising many in the market who saw little reason for optimism about the country's debt. Its euro and dollar-denominated bonds rose in secondary trade after a London judge said the euro notes fell under UK jurisdiction. Friday's ruling resulted from a...

  • Soros eyes investing in auto dealer groups -report Monday, 26 Jan 2015 | 10:48 AM ET

    DETROIT, Jan 26- Billionaire financier George Soros wants to invest in or buy a large automotive dealership group, potentially following in the footsteps of Warren Buffett, Automotive News reported. Two representatives of Soros Fund management, which Soros chairs, attended the National Automobile Dealers Association convention in San Francisco over the...

  • BOSTON, Jan 22- Star bond fund manager Bill Gross has pumped more than $700 million of his own money into the Janus Global Unconstrained Bond Fund, Janus Capital Chief Executive Dick Weil said on Thursday. "At the end of 2014, Bill had invested more than $700 million of his personal money in the Global Unconstrained Bond Fund," Weil said on a conference call.

  • At Davos, it's not all about the money...seriously Wednesday, 21 Jan 2015 | 1:00 AM ET
    Steve Schwarzman, co-founder and CEO of Blackstone Group LP at the 2015 WEF in Davos, Switzerland.

    Davos is teeming with elite investors this week--and it's not just to talk their own book.

  • LONDON/ BOSTON, Jan 20- COMAC Capital is returning money to outside investors after suffering heavy losses on a currency trade last week, becoming the second hedge fund in less than a week to take dramatic steps after being battered by the Swiss franc's unexpected surge. The London- based firm's $1.2 billion COMAC Global Macro fund lost 8.0 percent when the Swiss...

  • Davos '15: Gates, Soros, Pharrell to tackle crises Tuesday, 20 Jan 2015 | 11:28 AM ET
    An armed member of the Swiss Police watches from the roof of the Hotel Davos ahead of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 20, 2015.

    Back on this week, the World Economic Forum in Davos is as big as ever with lofty ambitions to match.

  • Threat of debt writedowns hovers over Ukraine Wednesday, 14 Jan 2015 | 12:46 PM ET

    LONDON/ KIEV, Jan 14- The collapse in Ukraine's hard currency reserves to just enough to cover five weeks of imports is threatening big government debt writedowns, rather than mere maturity extensions, being needed to put the country on its feet. A year of revolution and war has crippled Ukraine's economy, pushing the hryvnia currency to record lows.

  • MADRID, Jan 12- George Soros bought into a fundraising by Santander last week, a source familiar with the matter said on Monday, in the latest bet by the U.S. billionaire on Spanish banks and companies trying to ride an economic recovery. Soros Fund Management took part in Santander's 7.5- billion-euro share sale, completed over several hours last Thursday, with a...

  • Happy birthday, Jeff Bezos: Here's another $1.5M Monday, 12 Jan 2015 | 10:53 AM ET

    Amazon founder Jeff Bezos turns 51 Monday. We look at how fast he accumulated his wealth on a per-day basis, comparing that to other billionaires.

  • LONDON, Jan 12- European equities rebounded on Monday, led by airlines and auto stocks after positive updates by Continental and Lufthansa. Brent crude dropped below $49 a barrel on Monday, around its lowest since April 2009, hit by a global supply glut. "The tremendous oil price collapse is not adequately reflected in the airlines' share prices in my view," said...

  • *Ukraine facing $15 billion funding gap, economists say. RIGA/ BERLIN, Jan 8- The European Union proposed on Thursday offering an additional 1.8 billion euros to help save Ukraine from bankruptcy as Kiev assured Germany it had credible plans to modernise. "Europe stands united behind Ukraine," Commission President Jean-Claude Juncker told a news conference in...

  • Jan 8- New York's financial regulator sent a subpoena to the Medley Opportunity Fund II last week as he investigates the hedge fund's ties to payday lending, Bloomberg reported, citing a person familiar with the matter. Benjamin Lawsky, superintendent of Department of Financial Services, is seeking records from the fund on its investments in payday lenders,...

  • Jan 8- New York's financial regulator sent a subpoena to the Medley Opportunity Fund II last week as he investigates the hedge fund's ties to payday lending, Bloomberg reported, citing a person familiar with the matter. Benjamin Lawsky, superintendent of Department of Financial Services, is seeking records from the fund on its investments in payday lenders,...

  • Tower company Extenet Systems explores sale-sources Wednesday, 7 Jan 2015 | 2:42 PM ET

    Privately-held Extenet, whose investors include George Soros' Quantum Strategic Partners and tower company SBA Communications, is working with investment bank TAP Advisors to help find a buyer, said these people, who asked not to be named because the matter is not public. Larger competitor Crown Castle is one of the companies interested in the asset, as well as...

  • Key architect of Soros' Herbalife bet is gone Tuesday, 6 Jan 2015 | 2:15 PM ET
    George Soros in Jakarta, Indonesia, December, 30, 2014.

    The chief architect of Soros Fund Management's bullish bet on Herbalife has quietly departed.

  • NEW YORK, Dec 8- The Janus Global Unconstrained Bond Fund, which Pimco co-founder Bill Gross started managing in October, attracted an estimated $770 million in November, bringing assets to more than $1.2 billion, according to Morningstar data released on Monday. Last month, Soros Fund Management LLC, which famed investor George Soros chairs, invested $500...

  • LONDON, Dec 1- "The market is not a weighing machine, on which the value of each issue is recorded by an exact and impersonal mechanism," Benjamin Graham and David Dodd wrote in their landmark work on "Security Analysis" in 1934.. Graham and Dodd became the founding fathers of fundamental analysis and had a huge influence on generations of fundamentally focused...

  • LONDON, Dec 1- "The market is not a weighing machine, on which the value of each issue is recorded by an exact and impersonal mechanism," Benjamin Graham and David Dodd wrote in their landmark work on "Security Analysis" in 1934.. Graham and Dodd became the founding fathers of fundamental analysis and had a huge influence on generations of fundamentally focused...

  • MADRID, Nov 27- Mexican billionaire Carlos Slim is set to become the largest investor in Spanish builder FCC after agreeing to buy top shareholder Esther Koplowitz's part of a $1.3 billion capital increase. But the investment of around 700 million euros in FCC, one of the Spain's top employers, is his highest profile move in the country. In a statement to Spain's...