Soros Management LLC is one of the biggest hedge funds on the market today. It has had one member that has been inordinately quiet in recent years. That person is the fund’s founder, George Soros. Soros is one of the most successful investors in the history of the stock market in the United States. He owns the second biggest hedge fund in the country. Soros Management LLC manages $30 billion of George Soros and his family’s money. While Soros has been fairly quiet in recent years, he recently made some rather bearish trades that has some market specialists worrying about the future of the market.
This is because of the reason that Soros decided to take a large portion of his stock holdings and place them in gold. For those that don’t know, this is a common practice by smart investors when they think that the market is going to do poorly. Gold almost always performs well when the market is in a downfall. George Soros has made a career out of profiting big by betting against the market. In fact, the last big trades he was known to make were during the financial crisis caused by the fall of the housing market in 2007. He made $1 billion off of that trade that year. He also made another billion dollars during his first famous trade. This is when he went against the grain in 1992 and bet against the British pound and was proven to be correct.
He fears for the future of the global market because of the economic and political situations around the world in Europe, Russia, and especially China. Many question this because the Chinese market has been stable this year. Soros worries about its future and the future of the world market because of their unstable political climate. He feels that their closed-off government and lack of regulations is going to lead to fall and trouble in markets worldwide.
As far as Europe, Soros believes that Britain leaving the European Union is just the beginning of its collapse. He feels the ongoing migration crisis is going to take its toll on the rest of the EU and cause it to collapse completely. This could also have a disastrous effect on the worldwide market.
Soros has not been an active trader in recent years. He has been closely monitoring the activity of his fun during this span, though. He has also been busy with other endeavors. He is a busy political activist and philanthropist. He has helped Hillary Clinton raise millions for her Super PAC. His Foundation also gave away over $800 million in charitable donations last year. The future will only tell if Soros latest prediction on the market is correct.
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