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George Soros

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  • Nov 20- Bill Gross just got a huge vote of confidence from legendary investor George Soros. Soros Fund Management LLC, which Soros chairs, has invested $500 million in an account run by Gross at Janus Capital Group Inc, the Denver- based firm said on its website on Thursday. Soros Fund Management approached Gross after he resigned from Pimco in late September, a...

  • Nov 20- Bill Gross, of Janus Capital Management tweeted on Thursday that he was "honored" to manage a new unconstrained strategic account totaling $500 million for Soros Fund Management. According to Janus' website, Quantum Partners LP, a private investment vehicle managed by Soros Fund Management LLC, "has invested in a separate account managed by Bill Gross."

  • JOHANNESBURG/ DUBAI, Nov 19- Bharti Airtel's planned disposal of mobile phone towers in Africa will see it sell masts in Tanzania to Helios Towers, while units in Malawi will go to Eaton Towers, a person with knowledge of the deal said on Wednesday. The Tanzania sale will include about 1,000 towers, said the source, who declined to be identified because the deal has...

  • NEW YORK/ LONDON, Nov 17- Gold retreated from a two-week high hit earlier on Monday as the dollar rose on news that Japan had slipped into recession, and strong technical resistance could also further limit bullion's gains in the near term, analysts said. "The next technical hurdle for gold will be its 50- day moving average, which has been acting as its stubborn...

  • *Gold holds gains after 2 percent rise on Friday. LONDON, Nov 17- Gold held near a two-week high on Monday as global shares fell after data showed Japan had slipped into recession, raising concerns about global growth, but strength in the dollar kept the metal's gains in check. Spot gold was down 0.1 percent at $1,188.00 an ounce by 1049 GMT after peaking at $1,193.95,...

  • *Gold scales 2- week high. *Holding $1,180 level key for further gains- trader. SINGAPORE, Nov 17- Gold held near two-week highs on Monday, clinging on to gains from the previous session's short-covering rally, on a softer dollar.

  • *Gold scales 2- week high but fails to hold it. SINGAPORE, Nov 17- Gold retreated after hitting a two-week high on Monday, tracking moves in the dollar, but the metal managed to hold most of the previous session's short-covering gains. "A lot of new shorts were put into gold after we broke below $1,180 and as we came back through it, there was some short-covering," said a...

  • SINGAPORE, Nov 17- Gold came under pressure early on Monday as the dollar jumped to a seven-year high against the yen, but the metal managed to hold most of the previous session's short-covering gains. *Spot gold had eased 0.2 percent to $1,185.14 an ounce by 0032 GMT, after jumping 2.3 percent on Friday, when it also hit a two-week high of $1,193.34.

  • NEW YORK, Nov 14- Hedge fund Paulson& Co maintained its stake in the world's biggest gold-backed exchange-traded fund, SPDR Gold Trust, in the third quarter, bolstering the confidence of bullion investors at a time when an improving U.S. economic outlook pummeled gold prices. Legendary investor George Soros, however, has sharply cut his stake in Barrick Gold Corp...

  • BOSTON, Nov 14- Soros Fund Management, one of the world's most widely followed investment firms, slashed its stake in Herbalife Ltd. by 60 percent during the third quarter, a period when Herbalife missed Wall Street earnings estimates and its stock price tumbled. Herbalife has become one of America's most closely watched companies since billionaire investor...

  • NEW YORK, Nov 14- Hedge fund Paulson& Co maintained its stake in the world's biggest gold-backed exchange-traded fund, SPDR Gold Trust, for a fourth consecutive quarter in the third quarter, when bullion prices fell on an improving U.S. economic outlook. New York- based Paulson& Co, led by longtime gold bull John Paulson, owned around 10.2 million shares of the ETF...

  • NEW YORK, Nov 14- Hedge funds scooped up shares of China's Alibaba Group Holding in the third quarter, making the e-commerce giant one of the most commonly bought stocks among some of the biggest U.S. investors, according to regulatory filings on Friday. Among the institutional investors that took new stakes in Alibaba were Soros Fund Management, the hedge fund...

  • *FCC reaches deal with creditor banks to refinance debt. MADRID, Nov 14- U.S. billionaire George Soros will become a key investor in Spanish building and services company FCC following a 1 billion euro rights issue aimed at paying down debt, a source with knowledge of the matter said on Friday. FCC shares rose 7.5 percent on the news.

  • LONDON, Nov 14- The best way to think about the dramatic slide in oil prices over the last five months, Brent has fallen by more than 30 percent, is that the market is caught in a negative bubble. In 2014, no one is prepared to forecast a return to the recent highs above $100 per barrel. The process by which bubbles form, expand and eventually burst has been chronicled by...

  • *FCC reaches deal with creditor banks to refinance debt. MADRID, Nov 14- U.S. billionaire George Soros will become a key shareholder in Spanish building and services company FCC following a 1 billion euro rights issue aimed at paying down debt, a source with knowledge of the matter said on Friday. FCC shares rose 8.4 percent on the news.

  • The secretive money man who helped the GOP win Saturday, 8 Nov 2014 | 12:00 PM ET
    Robert Mercer in a rare photo at the 2014 World Science Festival Gala, New York City.

    One of the most important Republican donors in America today is a hedge fund manager who keeps a low profile.

  • Investment firms including George Soros's Quantum Partners, Knighthead Master Fund and Hayman Capital, have filed a lawsuit in the UK asking the court to declare that the interest payments are subject to English law and that any attempt by a foreign court to modify contracts governing them would be ineffective. Although defendant Bank of New York Mellon Corp...

  • LONDON, Nov 3- Cristina Fernandez, president of Argentina, is the sort of populist political leader financial markets love to hate. Oil output has been falling, from a peak of more than 900,000 barrels per day in 1998 to a little over 700,000 bpd in 2013, and Argentina became a net petroleum importer in 2012.. The U.S. Energy Information Administration estimates...

  • Fidelity star manager cuts Herbalife bet in third quarter Wednesday, 22 Oct 2014 | 3:21 PM ET

    BOSTON, Oct 22- One of Fidelity Investments' top stock pickers cooled on Herbalife Ltd in the third quarter, cutting his stake in the company after a profit miss and fresh allegations from billionaire investor William Ackman that it is a fraud. Steve Wymer, who runs the $41 billion Fidelity Growth Company Fund disclosed reducing his stake in Herbalife in a...

  • New York, Oct 17- Suvretta Capital Management, founded by a former portfolio manager for billionaire investors George Soros and Steven A. Cohen, is generating net returns of 6 percent year-to-date, despite this week's stock market drop and wild gyrations, according to two sources familiar with the situation. The majority of flows into equity strategies over the...