Hedge fund legend George Soros returned the remaining $1 billion of outside capital under his Soros Fund Management's care in 2011, but investors still carefully track his every move. Soros shorted the yen this year and went long Apple and Herbalife. The $25 billion in his fund belongs to Soros and his foundations, which have doled out billions in support of human rights, democracy and education. Soros wed Tamiko Bolton, who is half his age, in September. Bolton is the financier's third wife. Outspoken on world economic policies and an unapologetic proponent of European integration, Soros has recently declared that the euro is "here to stay." Born in Budapest, Soros survived Nazi occupation of Hungary and went on to study at London School of Economics before launching his hedge fund firm in 1969. [...] more
For more than the time being, gold is no longer a safe haven, no longer an investment class by itself, no longer a cherished replacement for fiat money. It's one of the mightiest comedowns I've seen in some time. [...] more>>
There are those who believe that China is headed for a hard landing, that its corruption or unsustainable growth model will ultimately herald the end of its economic miracle. And there is Jim Rogers, the unabashed China bull who has time and again expressed his optimism in the country. “There are always opportunities in China because it has 1.3 billion people and the second-largest economy in the world,” [...] more>>
A nonprofit group in Geneva has filed a criminal complaint against Swiss gold refiner Argor-Heraeus, saying the firm refined 3 tons of gold ore pillaged from the Democratic Republic of the Congo. [...] more>>
Shares of this small cap are down more than forty percent this year. [...] more>>
The bear market in the price of gold is one of the big financial stories of 2013 as the yellow metal heads towards its first annual loss in 13 years. [...] more>>
Raising nearly $800 million has not seemed to quell investor concern that JC Penney has enough cash as it heads into the key holiday season. Investors drove the stock down on Friday by another 6.5% [...] more>>
The man best known for buying troubled IndyVest will now be financing most of Warner Bros.' movies. [...] more>>
How far is Herbalife CEO Michael Johnson willing to go in his fight against hedge fund manager William Ackman? [...] more>>
