Thursday, January 26, 2017

The mistake that revealed the Soros blankingspositioner – Business

George Soros. Photo: IBL

A person in the Dutch financial supervisory authority happened to accidentally publish the billionaire George Soros as short-selling positions at the network, reports the Financial Times.

An accident seldom comes alone, it’s usually hot. It has the famous investor George Soros now experienced.

At the end of 2016, he lost a billion dollars, about nine billion dollars, when he invested money in a stock market fall after the u.s. presidential election in november. Tuesday happened to the Dutch financial supervisory authority reveal some of Soros as short-selling positions.

Usually use the authority to publish information about short positions in the shares that is greater than 0.5 per cent. This time happened to a employee to publish hundreds of short sales of between 0.2 and 0.5 per cent, made by international hedge funds. Among these were, among other positions, as George Soros made but also Renaissance Technologies, writes the Financial Times.

Blankningsinformationen was quickly removed from the site but was there long enough to have the list of the short positions would leak out. According to the Financial Times had Soros among other things, been short in Dutch bank ING Groep. Renaissance Technologies fund, the Medallion shall, according to the newspaper have furbished it company Ordina and construction company, Wereldhave.


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