Skip to comments."Soros Put" Hits Record As Billionaire's Downside Hedge Rises By 154% in Q4 To $1.3 Billion
Posted on 02/17/2014 7:17:51 PM PST by FreeAtlanta
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.
Article Link: "Soros Put" Hits Record As Billionaire's Downside Hedge Rises By 154% in Q4 To $1.3 Billion | Zero Hedge (http://www.zerohedge.com/news/2014-02-17/soros-put-hits-record-billionaires-downside-hedge-rises-154-q4-13-billion)
(Excerpt) Read more at zerohedge.com ...
This POS has made a living out of manipulating markets and making money off the resulting misery.
He should've been in prison stripes years ago.
Bud Fox: “But why do you have to wreck THIS company?”
Gordon Gekko: “Bacause it’s WRECKABLE, all right!?”
The next paragraph is instructional:
“Then again... the put position rose to 11.1% of his notional holdings. By way of reference, as of June 30 2013 ...13.5%.”
Do you not just hate that guy. A real nonhero. All he is is his money and you can’t take it with you.
His old partner, Jim Rogers sure has been quiet lately. About a year ago he was predicting a major market crash.
I may have missed it: he bought, not sold puts, correct?
For Soros? Only when “He’s dead Jim!” And may that day come soon and extremely painful.
He has puts totaling 11% of his AUM? And that means what? If it was 50%, what would that mean. Nothing.
i believe he is a Hololcost survivor or poser
Soros makes his money by scaring people.
Ah, Soros knows well that Zer0 has totally screwed the US economy, and he’s so proud of his Socialist puppet, that he’s decided to make book on it!
if he has put positions — buying is shorting and is just buying insurance. It just sound like his insurance is working because he can keep selling his puts higher because the markets that he is in are not. he’s a chicken shit. if he really is bearish he should be selling naked calls. ha ha
Quite the opposite. He was a NAZI colluder who sold his fellow Jews into the gas chambers while stealing their properties and profiting on their sale.
He is a noted atheist and for his sake, he better be right!
i did add the word poser. i think he gets press about being a “survivor” of the Nazi invasion of Hungary. Always sounds like he escaped the death camps or something.
Apparently about 2.5 minutes after the ticker stops...
All he is is his money and you cant take it with you.
I s*** you not, there is apparently a not-insignificant number of people like ole Georgie that set up trusts with the expectation that they will reincarnate into their family lineages and resume use of it...
Soros investment in Obama pays off. I have no doubt Soros knows the Federal Reserve will reduce or eliminate QE soon.
When Yellen cuts off QE, the Stock Market will fall hard and fast. Soros will make billions off the backs of Main Street who doesn’t have the inside knowledge he does.
I would like to see who on Wall Street is increasing their puts now.