Monday, August 18, 2014

George Soros Doubles His Bet The Stock Market Will Fall

The Rumor Mill News Reading Room 
George Soros Doubles His Bet The Stock Market Will Fall
Posted By: Jordon [Send E-Mail]
Date: Monday, 18-Aug-2014 13:27:50


It seems legendary hedge fund billionaire George Soros might be souring in his view on the market outlook for U.S. stocks, based on his most recent 13-F filing in the U.S., which showed a 605% increase in his short S&P 500 position (through put options on 11.29 million shares of SPDR S&P 500 ETF) to $2.2 billion.
In a 13-F filing three months ago, Soros' fund had puts on 1.6 million shares, valued at $299.264 at the time.
Even though he is still net long stocks, this took the short position (where he owns an option which will profit from a fall in stocks prices) on the S&P 500 from 2.96% of his Soros Funds Management Portfolio to a whopping 16.65%. (Hat tip to @BullionBarron for the heads up.)
More here
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George Soros Doubles His Short Position S&P 500

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