Hedge fund billionaire George Soros’ ex and former Miss Russia Anna Malova is in trouble with the law again.
Malova was arrested this week for forging a prescription—on a stolen prescription pad—for the painkiller Vicodin, New York’s Office of the Special Narcotics Prosecutor said. It’s the second time the 38-year old has been busted for allegedly cribbing a prescription paid: Another case is pending in Manhattan from November.
In a 13G filed with the SEC due to activity on April 26th, 2010, George Soros’ hedge fund firm, Soros Fund Management, has disclosed a new position. We see that the firm now owns a 5.26% ownership stake in Westport Innovations (WPRT), with 2,069,901 shares.
This is a brand new position for the firm as it did not own any shares back on December 31st, 2009, when we took a look at Soros’ equity portfolio. While it owns common shares now, it could be possible that the firm exercised warrants, as we’ve seen other investors in WPRT have recently done so. That’s purely speculation on our part though.
Other notable recent portfolio activity out of Soros’ hedge fund includes buying NovaGold Resources shares (NG). Soros of course is famous for his stellar returns with his Quantum Fund, and is remembered for ‘breaking the Bank of England’.
Greece still faces the danger of a “death spiral” because the cost of borrowing in the euro region’s rescue package is too expensive, billionaire investor George Soros said.
“While it’s better than what the market is currently willing to offer, it’s still rather high,” Soros said at an event in London late yesterday organized by the Economist magazine. “It is a question of solvency. If you start charging very high rates as the market does in anticipation of solvency then that pushes you into insolvency.”
Euro region finance ministers on April 11 offered Greece a 30 billion-euro ($41 billion) aid package which would give it three-year loans at 5 percent if it can’t raise money in capital markets. Greece auctioned Treasury bills yesterday for the first time since the rescue bid, drawing more demand than at a previous sale.
“Concessional rates” of borrowing aid would help Greece “fulfill their target,” Soros said. “If they don’t, they have then to tighten even further, then your tax receipts go down and the economy goes further into tanking and then you go into a death spiral. That is the danger that is still remaining.”
Read More: – By Gabi Thesing, Bloomberg
George Soros, the billionaire U.S. investor, is helping to establish an economics institute at Britain’s Oxford University, the London-based Times reported.
The institute, to be headed by Professor David Hendry, a fellow of Nuffield College, will be part of the university’s James Martin 21st Century School; Soros and the school itself are each contributing $5 million, the newspaper said.
The initiative is part of a campaign by Soros to push the economics profession away from the idea that markets should be left to themselves, a premise that, he believes, helped to cause the global financial and economic crisis, the Times said.
Read More – By Alan Purkiss, Bloomberg
George Soros, billionaire philanthropist, has pumped $70 million in Baltimore through the Open Society Institute. Now he’s challenging Google to invest in the city, too, by making it the home of its first pilot project for ultra-high-speed broadband access.
Read More: – the Baltimore Sun
George Soros, billionaire philanthropist, has pumped $70 million in Baltimore through the Open Society Institute. Now he’s challenging Google to invest in the city, too, by making it the home of its first pilot project for ultra-high-speed broadband access.
From a statement OSI released today:
“Google should consider Baltimore for this trial for the same reasons that I selected Baltimore for my philanthropic investment, and as the site of the only field office of the Open Society Institute in the United States,” said George Soros. “Baltimore has strong community institutions but still many people who suffer from being disconnected from important resources. The city and its residents would benefit dramatically from enhanced communications infrastructure. An investment in Baltimore is sure to yield positive returns both for Google and for the city.”
Baltimore was one of more than 1,100 communities across the U.S. that filed an application on Friday’s deadline for the Google Fiber for Communities project. Google wants to install a 1 Gbps fiber optic broadband network in a community of between 50,000 and 500,000 people, so the Internet giant can test next-generation Internet applications and services.
Read More – By Baltimore Sun
George Soros just chipped away at his credibility. As noted on this blog, the billionaire trader told folks at the Davos forum in January that gold was “the ultimate asset bubble.” But as several readers have pointed out, it turns out that Soros was actually buy gold like a madman through the end of last year.
Read More: – Jay Hancock, the Baltimore Sun
The old axiom, “Consider the source,” is as important today as it ever was. It’s far more important, actually. Because with the prominence of conglomerate corporations, front groups, and shadowy funding sources, it is often nearly impossible to take anything or anyone at face value.
Uncovering the genuine source of a public person’s opinions, whether in politics, media or business, has become an enterprise for conscientious sleuthing. It simply isn’t something most working people have time to do.
While most conservatives with a bent towards curiosity are pretty up to speed on the vast shadow influence which George Soros has on the modern Democratic Party and progressive front groups, from MoveOn to the Center for American Progress, Soros’s financial influence with prominent media figures remains far more of a mystery.
For instance, the new darling of leftist causes, the woman who charms anchors from coast to coast and was recently named number 12 on Forbes’ first-ever list of Most Influential Women in Media, Arianna Huffington, is as closely linked to George Soros as a woman could get without being in an actual bed with him.
Read More: – By Kyle-Anne Shiver, the American Thinker
The smart money remains gaga for gold, but veteran technicians eyeballing the charts think the yellow metal’s recent pop could be punctured.
In the past week, renowned investors have filed quarterly 13F disclosures of their equity positions as of Dec. 31 with Uncle Sam. The 13Fs give the rest of us a quick look at where these headline-grabbing investors have been committing capital.
One investment many of them clearly still dig on: the barbarous relic.
For instance, George Soros‘ shop — Soros Fund Management — increased its stake in SPDR Gold (GLD 107.23, -0.66, -0.61%) in the fourth quarter to 6.2 million shares, or $664 million, from 2.5 million shares, or $245 million in the third quarter. Check out his SEC filing here. Also see “What Does George Soros Really Think of Gold?”
Then there’s the mighty John Paulson of New York-based Paulson & Co., who raked in Sun King-like riches betting hard against subprime mortgages.
Read More: – By Josh Lipton, Marketwatch