George Soros

  • 02 Jul 2014 at 2:24 PM

Sleep Where George Soros’s Daughter Hath Slept


It may not be a dream apartment on East 85th Street, but it’s not exactly a dump, either. Read more »

From 2006-2011, former soap opera star Adriana Ferreyr was the “on-again, off-again” girlfriend of hedge fund manager George Soros. As the story goes, toward the end of their relationship, Soros promised Ferreyr her “dream” apartment on East 85th Street, broke up with her a day after the place went into contract, texted her “what are you up to?”1 one night a few weeks later, and then, after going over to her place to “reconcile,” whispered in her ear that he’d given her apartment away to another woman (who would later become his wife). Since then, Ferreyr has demonstrated time and time again that she’s packing a serious pair, but no more so than today. Before we get into that, though, a brief recap of Ferrey’rs balls in action:

So, she’s obviously holding out for a lot more than $1 million, but how much? The dream apartment was worth $1.9 million, would that do the trick? $2 million? $3 million? A nice round five? Apparently the answer is none of the above. Read more »

When one becomes a multi-billionaire, there are a few questions he or she has to ask him or herself. The first is, will I still eat my food with my own two hands or will I have someone cut it and feed it to me? Will I put my pants on myself each morning, or would it be nice to be have someone dress me, French aristocracy-style? Will I walk around like I did before becoming a man or woman of immense wealth, or will I be carried, leaving my legs to be simply ornamental? The most important question, though, is this: in the hypothetical event that I sleep with a woman on and off for five years, promise her a “dream apartment” and subsequently inform her, moments after accidentally sleeping with her one last time, that I gave it to another woman, setting off a chain of events in which names are called, lamps are thrown, and all out wars are waged, will I at some point relent and give her what she wants or will I never, and I mean ever, back down, not even after she beats the shit out of me and my staff during a deposition more than two years after this debacle began? For George Soros, the answer to that question was apparently, “BRING IT, BITCH.” Read more »

Andrew Ross Sorkin: Your short position on Herbalife — you’re betting against the company — has caused some friends like George Soros and Daniel Loeb to turn on you. Bill Ackman: Neither of the people you mentioned is, or has ever been, a close friend of mine. I certainly know the people you mentioned — but, look, you need a thick skin to be in this business. In a short sale, the whole world is going to be on the other side of the investment until they realize you’re right. [NYT, earlier]

Soros Fund Management LLC is withdrawing its money with William Ackman’s Pershing Square Capital Management due to performance, according to a person close to the matter. Pershing is in the process of returning the money to Soros, less than $250 million, by early 2014, the person said. [Reuters, earlier: "Bill Ackman has filed a complaint with regulators against George Soros’ family fund and unidentified co-conspirators alleging Soros’ firm broke insider-trading rules by tipping hedge funds"]

  • 05 Aug 2013 at 12:18 PM

Everyone Thinks Everyone Else Is Manipulating Herbalife

There are puzzling reports that Bill Ackman has been complaining to the SEC about George Soros’s investment in Herbalife, claiming that “Soros’ firm broke insider-trading rules by tipping hedge funds about its purchases” at “idea meetings.” You might remember Bill Ackman as the man who called a big press conference to tell everyone that he was short Herbalife and they should join him. There was PowerPoint! It was like eight hours long. I suppose some people traded on it though I also suppose they regret it.

So what’s his problem? I do not understand this at all. The allegation of insider trading is particularly weird; as far as I know no one has any obligation to keep their share ownership – or plans to buy more shares – secret. A cynic might say that the business of fundamental equity fund management consists mostly of telling people about your positions, which is why CNBC exists. It’s also why Ackman’s Herbalife drama exists; one irony is that if he had not called that press conference he probably would never have baited Carl Icahn into becoming Herbalife’s biggest proponent. Should have kept it to an idea meeting! Read more »

And as thoughtful as a Tiffany lamp might be, please, restrain yourself. Read more »