"Soros Put" Hits Record As Billionaire's Downside Hedge Rises By 154% in Q4 To $1.3 Billion

ZEROHEDGE.COM ^ | 02/17/2014 | Tyler Durden

[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)

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[gattaca]

ping

[SIRTRIS]

Well, he may be right! The Fed has been juicing the market. Then again, I'm sure Soro’s been on the ride up too! Literally buttering both sides of the bread slice

[arthurus]

He is a Holocaust avoider. He aided the NAZIs in the plundering of Jews.

[arthurus]

It is not merely knowledge. Soros causes the events that make him money. His official net worth may be merely billions but he controls a very large multiple of that, perhaps a trillion or more- money that goes where he determines that it should go.

[GOPJ]

He’s trying to bring down the economy. He has enough money to throw it away on that little project...

[GOPJ]

He’s trying to bring down the economy. He has enough money to throw it away on that little project... IMHO

[Brad from Tennessee]

[He (Soros) should’ve been in prison stripes years ago.]

If he ever enters the jurisdiction of the Russian Federation it will be his final act.

[linMcHlp]

02/17/2014
bttt