Soros returns to hands-on trading amid growing market concerns - report

Buying gold and selling equities

Anna Fedorova
clock • 1 min read

Billionaire investor George Soros has taken a more hands-on role in the trading activity of his family office as he has become increasingly concerned over the global economic outlook, according to reports.

According to a Bloomberg source, Soros (pictured), now 85, has been spending more time in the office and has been involved in active trading, making a number of bearish trades over the last quarter. The source said Soros Fund Management has sold stocks and bought gold and shares in gold miners last quarter to protect against anticipated economic weakness, citing a government filing. Soros, Platt and Singer: The 25 highest-earning hedge fund managers of 2015 A New York-based spokesperson contacted by Bloomberg declined to comment. Soros has been expressing his bearish views for s...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

US Solar Fund confirms $19m tender offer and eyes US private debt markets for refinancing

US Solar Fund confirms $19m tender offer and eyes US private debt markets for refinancing

Slashes dividend target

James Baxter-Derrington
clock 24 April 2024 • 1 min read
Partner Insight: Rate cuts are the next big move to play for

Partner Insight: Rate cuts are the next big move to play for

Strategic fixed income positioning can unlock higher yields in 2024, even as interest rates head down, say Fidelity’s Kris Atkinson and Shamil Gohil.

Sarka Halas
clock 23 April 2024 • 4 min read
Stories of the Week: Home REIT;  Woodford resurfaces; Hipgnosis Songs Fund agrees sale

Stories of the Week: Home REIT; Woodford resurfaces; Hipgnosis Songs Fund agrees sale

Home REIT; Woodford; Hipgnosis: The biggest stories from the world of investment and asset management this week

Sarka Halas
clock 19 April 2024 • 1 min read
Trustpilot