Thanks Trump! Wrote:
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> "Who loses $1 billion in a year?"
>
> George Soros...
>
>
>
>
> Billionaire George Soros Lost Nearly $1 Billion in
> Weeks After Trump Election
>
> Jan. 12, 2017 8:19 a.m. ET
>
>
> Billionaire hedge-fund manager George Soros lost
> nearly $1 billion as a result of the stock-market
> rally spurred by Donald Trump’s surprise
> presidential election.
>
> But Stanley Druckenmiller, Mr. Soros’s former
> deputy who helped Mr. Soros score $1 billion of
> profits betting against the British pound in 1992,
> anticipated the market’s recent climb and racked
> up sizable gains, according to people close to the
> matter.
>
> The divergent bets of the two traders are a stark
> reminder of the challenges even acclaimed
> investors have faced following Mr. Trump’s
> unexpected victory. Many experts had predicted a
> tumble for stocks in the wake of the election, but
> instead the Dow Jones Industrial Average has
> climbed 9.3%.
>
> Last year, Mr. Soros returned to trading at Soros
> Fund Management LLC, which manages about $30
> billion for Mr. Soros and his family. Mr. Soros
> was lured back by the opportunities to profit from
> what he saw as coming economic troubles.
>
> Mr. Soros was cautious about the market going into
> November and became more bearish immediately after
> Mr. Trump’s election, according to people close
> to the matter. The stance proved a mistake—the
> stock market has rallied on expectations that Mr.
> Trump’s policies will boost corporate earnings
> and the overall economy.
>
> As a result, some of Mr. Soros’s trading
> positions incurred losses approaching $1 billion,
> the people say. Mr. Soros adjusted his positions
> and exited many of his bearish bets late last
> year, avoiding further losses, the people added.
>
>
>
>
> Thanks Trump!
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