Jul 26

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.

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Apr 14

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.

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Apr 02

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.”

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Feb 24

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.

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Feb 24

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”.

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Sep 28

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.

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Sep 10

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.

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Aug 30

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

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Aug 29

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: , , , , , , , , , , , , ,

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