After taking a long break from trading, George Soros made a series of enormous bearish investments. The wall street journal reported that Soros Fund Management sold its stocks and purchased gold. The company, which manages approximately $ 30 billion of Soros family assets, purchased shares in gold miners. Soros Fund Management went on to purchase the shares and gold despite the instability in the global economic outlook as well as the potential for big moves in the market.
Through email, Soros posited that capital flights from China and political milieu from the mainland might be a hindrance to lasting reforms. In addition, Soros contended that the Greek crisis, United Kingdom potential exit from the European Union and the migration crisis might portend danger to the existence of the EU.
About George Soros
In the past, George Soros made a fortune by betting against the British Pound. He earned $ 1 billion in terms of profit. Soros has donated funds to the super PAC in support of Hillary Clinton’s presidential campaign. George Soros has always monitored investments undertaken by his firm. Some of the senior executives have not been comfortable with how he inserts himself in the firm’s operations, especially after losses were reported at the firm. In the recent past, Soros has made minimal investments of his own. However, this year everything changed when Soros started to spend much time directing trades in the office. Soros has been making frequent contacts with the executives.
George Soros is the founder of the Open Society. This society was established in 1979. At this time, George had accumulated enough wealth to engage in matters of Open Societies. Soros registered impressive success as a hedge fund manager. This success propelled his ambition to pursue his goal of establishing Open Societies in order to replace authoritarian governments. The objective of the Open Societies is anchored on the recognition that the globe is intrinsically perfect. This statements shows that anything that is imperfect can be enhanced. The Open Society is found in more than 100 nations of the world and has played a significant role in ensuring that the bill of rights is upheld.
His philanthropic activities started when he came to the aid of many black students from South Africa’s University of Cape Town. At the same period, Soros supported dissidents of Eastern European to study abroad. Soros posits that his success in the financial markets gave him great latitude of independence than many people. This way, he is able take stands on controversial matters. Soros argues that his success obliges him to make such bold stands on contentious issues.
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