Investors who have heard about George Soros also know that the gentlemen is also one of the most well-known opportunists. Recently, his high-profile public stint of betting against the price of the British Pound amassed him fame and a $1 billion jackpot from the investment. However, it is also worth mentioning that George Soros is a multi-billionaire who manages the popular George Soros Fund, worth more than $30 billion. The Fund is actively managed by professional executives employed by the Soros Family.
Unlike other funds, the George Soros Fund is known for investing in distressed assets and bearish investments. It is also true that George Soros also takes keen interest in the management of his fund on rare occasions. Usually, he only intervenes if the fund experiences a high-profile loss or if George Soros is determined to profit from a potential investment opportunity. According to the sources close to the family, the 85 year old investor is once more taking a keen interest in the fund. Interestingly, Soros did not intervene in the fund management for a number of years, until now. The recent interest of Soros is sparked by his assessment that global investment markets will face uncertain future and instability. Accordingly, it is rumored that Soros predicts that there will be big shifts in the economy making global investments, risky. Therefore, the investor has asked his family fortunes to be invested in Gold and shares of Gold mining companies. The shift in the investment mood is noteworthy because investment in Gold is historically regarded as one of the safest investments during market turmoil. Accordingly, the Gold price generally rise as the US dollar and the pegged economy experiences downfall.
One of the other reasons why George Soros and his fund is in the limelight is the use of Soros Fund for charitable and political purpose. Recently, the Fund was tailored towards massive contributions to philanthropic and public-policy issues. It is also known that George Soros is an open advocate of the policies of Democratic Party. As such, the super PAC supporting Hillary Clinton for her presidential race is also funded by Soros.
Despite the rumors, analysts also insist that the recent involvement of George Soros is a result of the void left by Soros family’s top investor, Scott Bessent, who left to start his own macro-investment hedge fund. Because the new chief investor, Ted Burdick, has a background in distressed investment management, Mr. Soros also felt tempted to join hands and give useful advice to his executive. Still, recent heavy investment in Gold is a sign that George Soros is highly skeptical of the ability of Chinese and US economies to go full steam ahead.
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