Kenneth Lee and Michael Yoshino, former Soros Fund Management LLC Asia specialists, plan to start their own hedge fund investing in Asian equities with the backing of Hong Kong’s HS Group Ltd. in the third quarter.
This week’s notable deaths included an Oscar-winning child star who kept working into his 90s; one of Canada’s longest-serving finance ministers who stepped down last month to work in the private sector; and a model and U.K. television personality whose punk rocker father staged concerts to raise money for famine relief. Below are summaries of these and other obituaries from the past week.
Teva Pharmaceutical Industries Ltd.’s surge to a three-year high is creating a windfall for billionaire George Soros after he lifted the Israeli drugmaker above Microsoft Corp. to become the biggest holding in his fund.
Analysts at JPMorgan Chase & Co., Morgan Stanley and Goldman Sachs Group Inc. are abandoning their sell ratings on Teva Pharmaceutical Industries Ltd. as the stock posts its best quarterly rally since 2005.
Soros Fund Management LLC, the family office of billionaire George Soros, boosted its stake in Teva Pharmaceutical Industries Ltd., making the Israeli drugmaker its largest holding in the fourth quarter.
Ahmad Zuaiter, a former money manager for Soros Fund Management LLC, is starting a hedge-fund firm to invest in countries such as Argentina, Nigeria and Vietnam just as emerging markets are selling off.