Soros increases investments in Gold and Telecommunications
Friday, February 19th, 2010
George Soros emphasized investment in gold in the last quarter of 2009 show provided the regulatory authorities of U.S. data on the positions of the fund billionaire Soros Fund Management. During the period the share of the Fund SPDR Gold Trust has doubled and so he is now the fourth largest investor in the investment company. SPDR Gold Trust e exchange largest traded fund (ETF) trading in gold in the world. As a result of the investment share of Soros Fund Management in the SPDR Gold Trust had a score of 663 million dollars, according to figures cited by Business Week. In the fourth quarter of last year, the Soros Fund has actively invested in oil company Hess, U.S. telecom giant AT & T, as well as the car-maker Ford. The investment in Ford has been increased by nearly 50 per cent as at 31 December of the Soros fund owned 10.9 million shares of the company. For comparison, at the end of September was the position of 7,3 million shares. Capital of AT & T does have acquired 500 thousand new shares and thus the share of Soros Fund Management has reached 4,7 million shares.
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