George Soros Donates $18 billion to Open Society Foundations

George Soros Donates $18 billion to Open Society Foundations

George Soros, reknown investor and philanthropist, has donated $18 billion to his charitable foundation, Open Society Foundations. The donation makes it the second largest charitable foundation in the world, according to the National Philanthropic Trust.

“ George Soros Donates $18 Billion to Open Soceity Foundations “

The organization promotes democracy and human rights in more than 120 countries and recently, has invested in programs to protect gays and lesbians and reduce abuses by the police. Soros has been involved in philanthropic efforts for decades and donated more than $30 billion to various causes, including this massive donation.

Source: The Guardian, The New York Times, CNN

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

Bridgewater Associates Earned Almost $5 Billion for Clients

Bridgewater Associates Earned Almost $5 Billion for Clients

Bridgewater Associates earned almost $5 billion for its clients while rivals George Soros and John Paulson lost money. This is according to a report by LCH Investments NV. Bridgewater was the most lucrative of the top 20 hedge funds ranked.  The biggest funds earned $16 billion after fees overall to provide a 2.6% weighted return.

“Bridgewater Associates earned almost $5 billion for its clients while rivals George Soros and John Paulson lost money.”

~Bloomberg

Hedge funds are currently facing a backlash against high fees and poor returns trigged by extremely low interest rates and last year suffered the first withdrawals since the 2009 financial crisis.

Related Reports: Bloomberg

 

About Bridgewater Associates

Bridgewater Associates is focused on understanding how the world works. By having the deepest possible understanding of the global economy and financial markets and translating that understanding into great portfolios and meaningful relationships with institutional clients, we’ve built a distinct track record of success. We’ve done this for over 40 years, by having great people operating in a culture of radical truth and radical transparency.

Today, we manage about $150 billion for approximately 350 of the largest and most sophisticated institutional clients globally, including public and corporate pension funds, university endowments, charitable foundations, supranational agencies, foreign governments, and central banks.

Visit: Bridgewater Associates

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

George Soros Lost Nearly $1 Billion After Donald Trump Election

George Soros Lost Nearly $1 Billion After Donald Trump Election

George Soros lost nearly $1 billion as a result of the rally in the stock market after Donald Trump’s presidential election. Soros was bearish after the Trump’s election. However the stock market has rallied after Trump’s election and some of Soros’s trading positions incurred losses nearing $1 billion. He has since adjusted his positions and exited his bearish bets late last year.

“George Soros lost nearly $1 billion as a result of the rally in the stock market after Donald Trump’s presidential election. Soros was bearish after the Trump’s election.”

~ Wall Street Journal

His former deputy Stanley Druckenmiller took a different stand and expressed a bullish position on the American economy after the election. According to sources, his stand appears to have paid off as his firm, Duquesne Family Office LLC has recorded gains of more than 10% in 2016.

Related Reports: Bloomberg, Wall Street Journal

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency