Soros is founder of the Quantum Fund, long one of the world's largest hedge funds. In mid-2011, Soros said he would return money to his outside investors and turn Soros Fund Management into a family office to manage his personal fortune. It also handles the multibillion-dollar endowments of his philanthropic organizations and those of his relatives.
Hedge funds are betting on another run of yen weakness, a trade that made money earlier this year for billionaire George Soros, putting them in opposition to economists who see Japan’s currency little changed into 2014.
The Dalton Greater China Fund, run by James Rosenwald III, a former adviser to funds linked to billionaire George Soros, beat peers with a 25 percent return this year, an investor newsletter seen by Bloomberg News showed.
Stan Druckenmiller, who has one of the best track records in the hedge-fund industry over the past three decades, said he’s betting against shares of International Business Machines Corp. while wagering on younger technology companies such as Amazon.com Inc.
Stan Druckenmiller, who has one of the best track records in the hedge-fund industry over the past three decades, said he’s betting against the shares of International Business Machines Corp. because the company’s business will be replaced by technology such as cloud computing.
Banks operating in the world’s biggest mortgage-bond market per capita will be required to cut sales of short-term bonds as Danish lawmakers say a proposal unveiled this month to curb risks doesn’t go far enough.