George Soros is back to trading again after a noticeable hiatus in the world of trading. The Investing legend has seen various opportunities of cashing in on profits due to the current political and economic issues that are affecting the world. The global economy looks set to make some huge market shifts in the near future and this is an opportunity for investors like George Soros to make huge profits. His comeback has already seen him directing a sequence of big and bearish investments according to people who are close to this matter.
Soros Fund Management LLC, that is in charge of the $30 billion fund that Mr. Soros and his family owns, has quickly moved to sell stocks and also bought gold as well as shares owned by miners. This is in anticipation of the weakness that will befall various markets. Gold is usually viewed as a safe bet especially when there is turmoil in the world economy due to a number of reasons. The recent move by the 85-year-old Billionaire was significant as he had been inactive on the trading front for a long time. He had directed his energies to philanthropy and public policy. He has also being involved in contributing support to the super PAC which is backing Hillary Clinton for President as well as some other groups of democrats.
George Soros is noted for closely monitoring the investments that are made by his firm. There are even some top executives who have marveled at his style of immersing himself deep in the operations of his firm. He resorted to being involved in the investments of his company when his fund suffered some losses at some point. He has been spending quite a lot of time in his office directing the trades to take place. He has also been in more contact with the trading executives too. Mr. Soros is stepping in to fill the void that was created when he hired Ted Burdick to assume the post of the Chief Investment Officer. Burdick has experience in distressed debt and other forms of trading but not macro investing. Macro investing is the specialty of Soros and hence the reason he stepped in his hedge fund.
He however, remains skeptical on the markets due to the political and economical issues currently being experienced in Europe, China and other places in the world. He is skeptical about the fate of the Chinese economy that is slowing and soon its implications will be felt globally. His bearish investments are also bearing fruit.
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