GO
Loading...

George Soros

More

  • NEW YORK, April 21- Bill Gross of Janus Capital Group Inc said on Tuesday that German 10- year Bunds were "the short of a lifetime" and that the trade could earn 10-15 percent over a period of one to two years. Gross was referring to investors George Soros and Stanley Druckenmiller, who made their names betting against the pound in 1992.. German 10- year Bund yields have...

  • NEW YORK, March 31- Billionaire investor George Soros and Indian entrepreneur Purnendu Chatterjee on Tuesday won the dismissal of a U.S. lawsuit in which cargo carrier TradeWinds Airlines Inc sought to have them pay a $54.9 million judgment it could not collect. District Judge John Keenan in Manhattan said TradeWinds and its former parent Coreolis Holdings...

  • NEW YORK, March 16- Everest Capital, a hedge fund firm founded in 1990 that counted George Soros and Nelson Peltz as early backers, is closing six of its seven remaining hedge funds because of bad bets on the Swiss franc, according to CNBC, which cited a private letter sent to investors on Feb. 24. Everest, which overall managed more than $3 billion at the end of December,...

  • This is how billionaires enjoy super-low tax rates Thursday, 12 Mar 2015 | 2:41 PM ET
    Marc Lasry

    A rule lets the wealthy managers of private funds pay about half the tax rate they usually would—and it's unlikely to change soon.

  • Battle over Herbalife takes to New York streets Thursday, 26 Feb 2015 | 4:27 PM ET
    An independent distributor packs bags of products at the Herbalife distribution center in Carson, California.

    A group of eight or so anti-Herbalife protesters gathered for a prayer vigil to oppose Carl Icahn's support of the stock.

  • 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...

  • Soros makes big bets on Devon Energy, Transocean   Wednesday, 18 Feb 2015 | 9:10 AM ET
    Soros makes big bets on Devon Energy, Transocean

    George Soros' hedge fund took new positions in Devon Energy and Transocean according to regulatory filings on Tuesday.

  • Oil prices rising? Soros makes big bet on energy Wednesday, 18 Feb 2015 | 6:43 AM ET
    The J. W. McLean offshore drill rig, operated by Transocean Ltd., stands anchored in the Cromarty Firth in Invergorgon, U.K., Aug. 6, 2014.

    Soros Fund Management took new positions in the energy sector, including stakes in Devon Energy and Transocean, a regulatory filing showed Tuesday.

  • 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...

  • Soros eyes auto sweet spot   Monday, 26 Jan 2015 | 8:43 AM ET
    Soros eyes auto sweet spot

    CNBC's Phil LeBeau reports billionaire investor George Soros may snap up a big stake in a large car dealership group.

  • 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's Jeff Bezos

    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...