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"Soros Put" Hits Record As Downside Hedge Rises By 154% To $1.3 Billion (Bet's big market crashes)
Zero Hedge.com ^ | 2/17/2014 | Tyler Durden

Posted on 02/17/2014 6:11:16 PM PST by Beave Meister

A curious finding emerged in the latest 13F by Soros Fund Management, the family office investment vehicle managing the personal wealth of George Soros.

Actually, two curious findings: the first was that the disclosed Assets Under Management as of December 31, 2013 rose to a record $11.8 billion (this excludes netting and margin, and whatever one-time positions Soros may have gotten an SEC exemption to not disclose: for a recent instance of this, see Greenlight Capital's Micron fiasco, and the subsequent lawsuit of Seeking Alpha which led to the breach of David Einhorn's holdings confidentiality).

The second one is that the "Soros put", a legacy hedge position that the 83-year old has been rolling over every quarter since 2010, just rose to a record $1.3 billion or the notional equivalent of some 7.09 million SPY-equivalent shares. Since this was an increase of 154% Q/Q this has some people concerned that the author of 'reflexivity' and the founder of "open societies" may be anticipating some major market downside.

Then again, as the chart below shows, as a percentage of total AUM, the put position rose to 11.1% of his notional holdings. By way of reference, as of June 30 2013, his SPY put may have had a smaller notional value, but it represented both more shares (7.8 million), and was far greater as a % of AUM, at 13.5%.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Chit/Chat
KEYWORDS: america; communist; democrats; economy; hedgefund; liberals; liberalscum; lyingliberalliars; obama; puts; sandp500; soros; sorosfundmanagement; stockmarket; zerohedge
It's only wrong when Conservatives make money on everyone else' demise.
1 posted on 02/17/2014 6:11:16 PM PST by Beave Meister
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To: Beave Meister

Does Soros even have a dog to take with him on vacations?


2 posted on 02/17/2014 6:14:01 PM PST by P.O.E. (Pray for America)
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To: Beave Meister

During the impeachment of Clinton, Soros vowed to bring down the dollar. It has taken him nearly two decades, but he is succeeding.


3 posted on 02/17/2014 6:14:05 PM PST by originalbuckeye ("A thing moderately good is not so good as it ought to be. Moderation in temper is always a virtue;)
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To: originalbuckeye
During the impeachment of Clinton, Soros vowed to bring down the dollar

So did Osama bin Laden, at around the same time.

4 posted on 02/17/2014 6:18:44 PM PST by Fightin Whitey
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To: Beave Meister

can’t soros just rollover and play dead?

His voracious lust for both money and trouble are getting old


5 posted on 02/17/2014 6:19:01 PM PST by MeshugeMikey ("When you meet the unbelievers, strike at their necks..." -- Qur'an 47:4)
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To: Beave Meister

It is easy to make money with the Whitehouse providing insider trading information.


6 posted on 02/17/2014 6:22:43 PM PST by BushCountry (If you're wondering, "I got my screenname before GW was elected the first time.")
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To: MeshugeMikey

Old lefties seem to go on forever.

I remember when BJ Clinton left office how many people on here claimed he was deathly ill and would only last a few years.

Even Ted Kennedy who personally kept a distillery in business made it to 77.


7 posted on 02/17/2014 6:27:39 PM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: Beave Meister

I keep trying to figure out how Soros is connected to the anti Christ.


8 posted on 02/17/2014 6:27:41 PM PST by STJPII
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To: Beave Meister
...a legacy hedge position that the 83-year old has been rolling over every quarter since 2010, just rose to a record $1.3 billion or the notional equivalent of some 7.09 million SPY-equivalent shares.

Seems like a suckers bet, Soros may finally be losing his touch.

9 posted on 02/17/2014 6:32:08 PM PST by mac_truck ( Aide toi et dieu t aidera)
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To: Beave Meister

Soros is very smart. He backed both Obama and
Romney, his long term partner.
His puppets performed well.


10 posted on 02/17/2014 6:37:35 PM PST by Diogenesis
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To: BushCountry

I’m to the point that I don’t think anyone in the whitehouse actually knows anything they just do as they’re told


11 posted on 02/17/2014 6:43:49 PM PST by reed13k (For evil to triumph it is only necessary for good men to do nothings)
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To: Beave Meister
Soros better move fast, at 83 there are not many grains left.
12 posted on 02/17/2014 6:47:18 PM PST by JPG (Yes We Can morphs into Make It Hurt.)
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To: nascarnation

Im betting that Soros has his own staff of “health professionals” on hand 24/7

if there are enormously expensive exotic treatments that none of us have ever heard of...soros has had them!


13 posted on 02/17/2014 6:48:26 PM PST by MeshugeMikey ("When you meet the unbelievers, strike at their necks..." -- Qur'an 47:4)
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To: Beave Meister

I hope he loses his ass, then croaks.


14 posted on 02/17/2014 6:52:28 PM PST by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
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To: STJPII
I keep trying to figure out how Soros is connected to the anti Christ.

At the hip.

15 posted on 02/17/2014 6:58:58 PM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: Beave Meister

when I first sat the title I thought it was about Percy Sledge..


16 posted on 02/17/2014 7:01:58 PM PST by RitchieAprile
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To: Navy Patriot

nice.


17 posted on 02/17/2014 7:10:33 PM PST by To Hell With Poverty (Ephesians 6:12 becomes more real to me with each news cycle.)
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To: Beave Meister

These numbers are too big for me to fathom. But, what do you make of Warren Buffet recently putting $9 million into GE stock?


18 posted on 02/17/2014 7:20:44 PM PST by MrChips (Ad sapientiam pertinet aeternarum rerum cognitio intellectualis - St. Augustine)
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To: MrChips

When Buffett does this it’s because “he” is a publicly traded company, and he has a fiduciary responsibility to his shareholders. Don’t confuse politics for profit. $9 million is walking around money for a guy like him. It might be window dressing for something else.


19 posted on 02/17/2014 7:29:37 PM PST by Beave Meister (Die Hard Cubs Fan.....if it takes forever.)
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To: Beave Meister

Maybe. But I am not selling my stock in GE. :-)


20 posted on 02/17/2014 7:50:49 PM PST by MrChips (Ad sapientiam pertinet aeternarum rerum cognitio intellectualis - St. Augustine)
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To: JPG

But, but . . . maybe he is leaving his money to a lot of mini-Soros look-alikes devoted to his evil schemes! AAAAAAAAaaaaaaaaaaaaaaaaaaaaaaagggggggggggh!!!!!!!


21 posted on 02/17/2014 7:52:12 PM PST by MrChips (Ad sapientiam pertinet aeternarum rerum cognitio intellectualis - St. Augustine)
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To: reed13k
I’m to the point that I don’t think anyone in the whitehouse actually knows anything they just do as they’re told

I replied to another post earlier about the 'puppet masters'...fitting timing, this post.

You're spot-on, imho.

22 posted on 02/17/2014 7:52:17 PM PST by logi_cal869
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To: Beave Meister

Betting on the market to crash is a pretty safe bet.


23 posted on 02/18/2014 8:40:37 AM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: Beave Meister

24 posted on 02/18/2014 10:01:35 AM PST by Grampa Dave ( Obozo Care is a Trinity of Lies! Obozo Care is probably a serious Black Swan event.)
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To: Beave Meister

Hopefully, $orea$$’s puts, shorts on SPY and DIA and investments in DOG came due today, and he has to declare bankruptcy and does the honorable thing.

Our Markets at 12:12 pm PST.

S&P 500+0.91% Dow+0.95% Nasdaq+0.90%


25 posted on 02/24/2014 12:14:56 PM PST by Grampa Dave ( Obozo Care is a Trinity of Lies! Obozo Care is probably a serious Black Swan event.)
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