George Soros’s bearish investments have registered mixed success. However, recently he has been engrossed in trading. People close to him assert that he has been spending much time in his office because he anticipates changes in the economic prospects. This year, Soros funds have registered an upward growth. In a previous filing, the investments made by Soros Fund Management have increased in line with the many macro hedge funds.
The last time that Soros paid close attention to his firms trading activities was in 2007. During this period, Soros was worried about the housing bubble. To this end, he placed bearish wagers that resulted in $ 1 billion worth of profit. In an email, Soros confided that fall outs from unwinding investments in China would have global implications. With other Asian countries accumulating foreign currencies, China is suffering from capital flight. This situation is depleting the country’s foreign currency reserves.
George Soros argued that China is facing internal aggression within its political quotas. Soros asserted that in the future political wrangles would have adverse effects on China’s ability to handle financial matters. Soros is anticipating benefiting from such political and economic conflicts in China.
After staying out of trading for a while, George Soros has returned to his forte of trading. The inherent opportunities in the global economy have inspired his willingness to profit from the economic troubles. Concerned about the large market shifts, Soros has decided to direct a series of large bearish investments. People close to Soros posits that he is confident of his gains, as he has correctly made predictions against the global economy. Soros made huge gains from a bet he made back in 1992 against the British Pound. In the recent, years, Soros has been more concerned with philanthropic activities as well as matters on public policy. Soros has greatly contributed to the Super PAC backing Hillary Clinton.
About George Soros
George Soros is the founder of the Soros Fund Management. He is also the founder of the Open Society Foundations. Soros’s past in Budapest was not what one would want for his or her children. During World War II, Soros managed to survive the Nazi occupation. Soros fled to England in 1947. After attending the London School of Economics, Soros graduated and soon after, moved to the United States. Soros made a huge fortune and was able to establish the Open Society Foundation with the objective to fighting dictatorship and bad governance in the society.
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