Cautious: Soros Looks to China
By Daniel at 18 July, 2009, 1:15 am
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Soros, king of the hedge funds and Democrat king maker. Bets against the U.S. and then installs our current idiot in chief to make millions.
It could be a signal that a possible huge cash will flow in China. IMO, Soros already been taken some actions before he said it. As China market hits 18 months high, more or less Soros had done something about it. More will come.
Soros, king of the hedge funds and Democrat king maker. Bets against the U.S. and then installs our current idiot in chief to make millions.
Cautious: Soros leads a big hedge fund is similar to GS. While he is saying big time coming ahead of China, he may already planned out how to hedge it. Just be careful. It could be a start of making a bubble.
Hedge fund pioneer and high-profile billionaire George Soros has struck a cautious tone throughout the economic downturn, even as his fund rode out the market turmoil with aplomb. Now he sees China leading the global economy to recovery.
Soros told Bloomberg earlier this month that China is “a positive force” that “will be one of the motors of the world economy.” According to Foreign Policy magazine, Soros’s Quantum funds returned 10% in 2008, and according to Bloomberg, the Quantum Endowment Fund returned 8% last year. Soros has turned much of the control of Soros Fund Management over to his two grown sons, Robert and Jonathan. However, the firm’s moves are still closely watched.
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