Soros Has $2.2 Billion On Market Swoon

Aug 18 2014 | 9:46am ET

George Soros made a fortune betting against the British pound 22 years ago. But if U.S. stocks collapse, he’s poised to make a fortune that would dwarf the $1 billion he made in 1992.

The billionaire’s family office, Soros Fund Management, increased its short position against the Standard & Poor’s 500 Index more than seven-fold to $2.2 billion, it said in a regulatory filing. The put options account for more than 16% of the firm’s total portfolio.

In spite of the massive short bet against the SPDR S&P 500 ETF, Soros remains net-long equities.


In Depth

Q&A: MackeyRMS's Chris Mackey On A High Tech Fix To Broker Votes

Jun 23 2017 | 8:17pm ET

The looming implementation of the EU’s MiFID II rules regarding research has put...

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

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of