I guess the money going into the Dem coffers will be a little less this year:
The Quantum Fund, the flagship of George Soros' hedge fund operations, closed out 2003 up 15%, a rate of return that falls short of both the S&P 500 and the average return of his global macro fund competitors.
According to data on Bloomberg, November and December were particularly good to the $8.3 billion fund, accounting for almost half its annual gain.
During that time, Soros made negative comments on the dollar, which dropped from $1.158 against the euro on Nov. 1 to $1.257 on Jan. 1. The Quantum Fund's most famous -- and among its largest -- gains came from its bet against the British pound in 1992. After shorting it, Soros made about $1 billion on the bet, in the process nearly breaking the Bank of England.
Soros bears watching.
Saturday, January 24, 2004
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Posted by
Scott
at
10:57 AM
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