February 6, 2016
Billionaire George Soros in 2016 invested $238 million in 11 oil and gas companies, according to his federal financial filings, The Daily Caller News Foundation Investigative Group has learned.
The total value of his family-owned Soros Fund Management is estimated at $2.7 billion. He has 207 stocks in this fund with a high 33 percent turnover.
Soros’ chief investment officer (CIO) — who was fired last year — purchased 116 new stocks, among them oil and gas companies. The fund’s CIO post has seen a high turnover. Seven individuals have served as the Soros’ CIO since 2000.
He transformed his fund in 2011 into a “family office” that allowed him to avoid certain financial reporting requirements under the Dodd-Frank Act signed into law by President Barack Obama in 2010. Soros also parked his money in an entity called Quantum Group of Funds, which is based in the Cayman Islands.
This article was posted: Monday, February 6, 2017 at 7:56 am