Billionaire hedge fund manager John Paulson, who backed away from his bullish bet on gold last year, kept his holdings of the metal unchanged in the fourth quarter as prices capped the biggest annual drop since 1981.
George Soros’s Soros Fund Management LLC trimmed its stake in Herbalife Ltd. in the fourth quarter after the stock climbed by at least 60 percent from when the billionaire’s family office purchased the shares last year.
When BlueCrest Capital Management LLP founder Michael Platt expanded into stocks this year to compete with Millennium Management LLC and SAC Capital Advisors LLP for traders, he tapped an unusual funding source: his banks.
Billionaire investor George Soros, who gave more money to outside political groups in 2004 than anyone else, is pledging $2 million this year to two pro-Democratic organizations, a spokesman said yesterday.
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.
OneWest Bank FSB, the lender formerly known as IndyMac Bancorp Inc., plans to pay a $1 billion dividend to backers including George Soros and John Paulson ahead of an initial public offering next year, two people with knowledge of the matter said.
Bill Stiritz, the fourth-largest shareholder in Herbalife Ltd., said he’s willing to take part in a leveraged buyout of the company that would reward shareholders and help it fend off pyramid-scheme allegations.