Soros Fund Management

George Soros sells off gold assets

May 17, 2011 - 3:28am | Analytics | News

George Soros’s hedge fund unloaded most of its gold holdings during the first quarter. At the end of March the New-York based Soros Fund Management possessed 49,400 shares of the SPDR Gold Trust against 4.7 million shares held at the end of December. A 5 million share stake in the iShares Gold Trust at the end of December disappeared completely from the latest filing.

At the end of Q4 the firm’s gold ETF positions were valued at over $774 million. Now, at the end of Q1 the remaining gold position was worth less than $7 million.

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Soros does not believe US economy needs more stimulus

August 12, 2009 - 12:52am | Analytics | News

Billionaire financier George Soros said in an interview with Reuters Television in New York that the U.S. economy has reached bottom and the current quarter will see positive growth due to the government's stimulus spending.

The Obama administration is pumping $787 billion into the economy in a bid to turn around the deepest recession since the 1930s. The U.S. economy shrank by 1 % in the second quarter after tumbling 6.4 % in the quarter before that, the biggest decline since 1982.

Obama administration | Soros Fund Management | stimulus money | stop-go

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