Soros Buys Banks, Bets Against Stocks

Feb 18 2014 | 10:58am ET

Legendary hedge fund manager George Soros' family office is betting on banks—and a big stock-market correction.

Soros Fund Management opened new stakes in Citigroup and JPMorgan Chase in the fourth quarter, it said in a regulatory filing. And it more than doubled its short against a Standard & Poor's 500 Index exchange-traded fund, which is now its largest position at $1.3 billion.

The filing also showed that Soros exited its investment in Chevron and cut its stakes in Herbalife and J.C. Penney Co.

Soros returned outside capital in 2011.


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of