Spare_change
Gold Member
- Jun 27, 2011
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George Soros, the billionaire hedge-fund manager and liberal financier, lost nearly $1 billion after becoming bearish after Donald Trump’s election victory, The Wall Street Journal reported.
The 86-year-old was cautious about the market prior to November’s election became more bearish after Trump’s win. So far, the bet was a mistake, and the stock market has risen about 9 percent over the past two months, the report said.
Soros Fund Management LLC has about 250 traders and manages about $30 billion. The billionaire took a more active role in the company in anticipation of turmoil in China and the European Union, the report said, citing people familiar with the matter.
George Soros lost nearly $1B in weeks after Trump election
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Somebody set up a GoFundMe account --- we need to help this poor boy out.
The 86-year-old was cautious about the market prior to November’s election became more bearish after Trump’s win. So far, the bet was a mistake, and the stock market has risen about 9 percent over the past two months, the report said.
Soros Fund Management LLC has about 250 traders and manages about $30 billion. The billionaire took a more active role in the company in anticipation of turmoil in China and the European Union, the report said, citing people familiar with the matter.
George Soros lost nearly $1B in weeks after Trump election
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Somebody set up a GoFundMe account --- we need to help this poor boy out.