George Soros is retiring from hedge funding business. The billionaire hedge fund manager is returning money to outside investors in his $25.5 billion firm, ending a career as hedge-fund manager that spanned more than four decades.
Soros, will hand back the money, less than $1 billion, by the end of the year. His firm will focus on managing assets solely for Soros and his family, according to a letter to investors.
George Soros Reason for Retiring
George Soros’s sons said they took the decision because new financial regulations would have made it necessary for the firm to register with the Securities and Exchange Commission by March 2012 if it continued to manage money for outsiders.
George Soros legacy
Soro’s will forever be remembered a speculator, who in 1992 made $1 billion betting that the Bank of England would be forced to devalue the pound.
In the last 30 years, he’s given away more than $8 billion to promote democracy, foster free speech, improve education and fight poverty around the world.
written by Constantine Njeru
\\ tags: 1 Billion, Assets, Bank Of England, Billionaire, Education, Fight Poverty, Free Speech, George Soros, Hedge Fund Manager, Investors, Legacy, Money, More Than Four Decades, Outsiders, Poverty Around The World, Reason, Retirement, Securities And Exchange, Securities And Exchange Commission, Speculator
As Glencore IPOgets into gear, we look at behind the scenes of the largest commodity trader in the world.
Glencore was founded by billionaire Marc Rich in 1974 as Marc Rich & Co. AG. Yes, this is the same Marc Rich that was indicted on federal charges of illegally making oil deals with Iran in the late 70s. He was also notably pardoned by President Clinton on his last day of office.
Through a Management buyout, Mark Rich sold the company for $600 million. Today the company is valued at over $60 Billion. The company is still run by guys hired during Marc Rich days.
There is a good bio of Marc Rich at Wikipedia.
written by Constantine Njeru
\\ tags: Amp, Billionaire, Commodity Trader, Federal Charges, Glencore, Ipo, Iran, Management Buyout, Marc Rich, Oil Deals, President Clinton, Wikipedia
In a speech given in New Delhi March 25, 2011, the chairman of Berkshire Hathaway, Warren Buffet predicted the decline of the U.S. dollar.
The billionaire investor warned investors to avoid “long-term fixed-dollar investments” such as 10-year U.S. Treasury bonds. Buffett worries that the $2.3 trillion in new money the US government has pumped into the economy, when combined with interest rates so low they’re practically giving money away, are combining to dilute the value of the dollar.
U.S Dollar Projection: Forecast : Prediction
As a result, Buffett warns: “If you ask me if the U.S. Dollar is going to hold its purchasing power fully at the level of 2011, 5 years, 10 years or 20 years from now, I would tell you it will not.”
written by Constantine Njeru
\\ tags: 10 Years, Berkshire Hathaway, Billionaire, Buffett, Decline, Dollar Investments, Economy, Giving Money, Interest Rates, Investor, Investors, March 25, New Delhi, New Money, Purchasing Power, Trillion, U S Treasury, U S Treasury Bonds, Us Government, Warren Buffet
According to the most recent filing of Billionaire hedgde fund manager, John Paulson own investment firm, Paulson & Co. Inc. The following were John Paulson portfolio holding for 2010.
John Paulson Top Five Portfolio holdings
John Paulson Gold Holdings
SPDR Gold Trust
Anglogold Ashanti Ltd.
Mr. Paulson invested heavily in gold on the belief that the dollar would lose value in the coming years. His gold investments are primarily done via a gold exchange-traded fund, SPDR Gold Shares.
John Paulson Stock Portfolio Holdings
Citigroup
Bank of America
Anadarko Petroleum
That bet on bank stocks was perfectly timed to take advantage of the massive fiscal stimulus.
written by Constantine Njeru
\\ tags: Anadarko Petroleum, Anglogold Ashanti Ltd, Bank Of America, Bank Stocks, Belief That, Bet, Billionaire, Citigroup, Exchange Traded Fund, Fiscal Stimulus, Gold Exchange Traded Fund, Gold Holdings, Gold Investments, Gold Shares, Gold Stock, Investment Firm, John Paulson, Portfolio Holdings, Spdr, Stock Portfolio
Billionaire hedge fund manager John Paulson will forever be remembered for $4 billions he made in 2007. When the housing market was burning the money manager was making billions.
The latest news is John Paulson did it again by earning an estimated $5 billion in 2010 thanks mainly to bets the economy would recover. This is better than the $4 billion haul made off the subprime bet.
How John Paulson Makes Money
John Paulson runs his own hedge fund investment firm, Paulson & Co. Inc. (PCI). It is an employee owned hedge fund sponsor, primarily providing services to pooled investment vehicles. He is earns money through commissions on funds under management plus a share of profits.
John Paulson Investing Strategy
The firm manages separate client-focused portfolios, employing merger arbitrage, long/short, and event-driven strategy to make its investments. Paulson & Co. Inc. utilizes fundamental analysis to make its investments, benchmarking the performance of its investments against the S&P 500 Index.
John Paulson Investment Philosophy
In a Wallstreet Journal interview this is how he summarizes his investment philosophy: “The flexibility of having long and short exposure across the capital structure allows us to optimize performance across market cycles. Our goals are capital preservation, above average returns over the long term, and low correlation to the markets.” As the market recovers from its shortfalls of the past years, Paulson is betting on strong economic growth in the recovery: “it is time to be in the stock market,” he says, and that now is not the time “to be under-invested”.
written by Constantine Njeru
\\ tags: Amp, Bet, Bets, Billionaire, Billions, Capital Preservation, Capital Structure, Commissions, Driven Strategy, Economy, Fund Investment, Fundamental Analysis, Hedge Fund Manager, Housing Market, Investment Firm, Investment Philosophy, Investment Vehicles, Investments, John Paulson, Market Cycles, Merger Arbitrage, Money Manager, Portfolios, Profits, Shortfalls, Stock Market, Wallstreet Journal
If you are a follower of Ken Fisher you must be interested to listen to his latest forecast on what will happen in the next decade.
The next decade will be as good for investors as the 1990s, said Ken Fisher, the billionaire chief executive officer of Fisher Investments Inc.From Bloomberg
Fisher made this forecast at the Forbes Global CEO Conference in Sydney.
Don’t follow Fisher’s forecast blindly, the man might have made a ton of money from stocks before but keep in mind the man is human and he makes mistakes just like us mere mortals.Like in the case below:-
Fisher said in October 2008 that U.S. stocks were close to the bottom. The S&P 500 fell about 30 percent from October 2008 to a 12-year low in March 2009.
written by Constantine Njeru
\\ tags: 1990s, Amp, Billionaire, Bloomberg, Ceo Conference, Chief Executive Officer, Fisher Investments Inc, Follower, Forbes Global, Global Ceo, Investors, Ken Fisher, Mere Mortals, Money, Next Decade, Stocks, Sydney
Paul Tudor Jones is a billionaire hedge fund manager. According to Forbes rich list his wealth is estimated at $6.5 billion. He is the founder of Tudor Investment Corporation, based in Greenwich, Connecticut
Jones is best known for foreseeing and predicting the Black Monday stock market crash in 1987. During this event he reportedly made between $80 million and $100 million.
Paul Tudor Jones Bets
Jones invests mainly via ETF and he is currently betting long on emerging markets, China, Russia.
He has position in iShares MSCI Emerging Markets Index ETF, iShares FTSE/Xinhua China 25 Index ETF and Market Vectors Russia ETF Trust.
written by Constantine Njeru
\\ tags: Billionaire, Black Monday Stock Market Crash, China Russia, Forbes Rich List, Ftse Xinhua China, Ftse Xinhua China 25, Greenwich Connecticut, Hedge Fund Manager, Ishares Msci Emerging Markets Index, Market Vectors Russia, Market Vectors Russia Etf, Msci Emerging Markets, Msci Emerging Markets Index, Paul Tudor Jones, Stock Market Crash, Stock Market Predictions, Stock Tips, Tudor Investment Corporation, Vectors, Xinhua China 25 Index
Thomas Kaplan, a billionaire investor has been profiled in the latest issue of Business week magazine. He is also the Chairman of Tigris Financial Group
Thomas Kaplan gold forecast
Kaplan says the big rally is still to come. It’s not riots in the streets he envisions, but a more fundamental case of demand outstripping supply as gold becomes a currency in its own right.
Gold Stocks he is holding
Thomas has invested in in Vancouver-based mining company NovaGold Resources. Other investors in this mining operationg include George Soros & John Paulson.
Best Thomas Kaplan quote
“People view gold as emotional, but when they demythologize it, when they look at it for what it is and the opportunity it represents, they’re going to say, ‘We really should own some of that.’ The question will then change to ‘Where do we get the gold?’ “
Source Businessweek Gold Evangelist
written by Constantine Njeru
\\ tags: Amp, Billionaire, Business Week Magazine, Businessweek, Currency, Evangelist, Financial Group, George Soros, Gold Investments, Gold Source, Gold Stocks, Investor, Investors, John Paulson, Mining Company, People, Rally, Riots, Thomas Gold, Thomas Kaplan, Tigris, Vancouver
Novagold resources is a Vancouver based mining company. The interesting thing about this mining company is the heavy hitters who have bet their money in it.
According to an article in businessweek. Some of the famous billionaire commodity investors who have invested their money in it are, George Soros, John Paulson and Thomas Kaplan.
written by Constantine Njeru
\\ tags: Billionaire, Businessweek, Commodity, George Soros, Heavy Hitters, Investors, John Paulson, Mining Company, Money, Novagold Resources, Stock Analysis, Stock Tips, Thomas Kaplan, Vancouver
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