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George Soros News: Economic Trends, American Politics & J.C. Penney Company, Inc. (JCP)

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Editor’s Note: Related tickers: J.C. Penney Company, Inc. (NYSE:JCP)

George Soros - Soros Fund ManagementSoros-Style Impact Investing (InSead)
What I really deal with is venture capital without the returns,” Stewart Paperin tells the audience at INSEAD’s Entrepreneurial Forum in Fontainebleau recently. Paperin is administrative vice-president of the worldwide Open Society Foundations and (since 1997) president of the Soros Economic Development Fund which currently manages US$200 million of investment capital covering some 28-projects in seven regions of the world. OK. That works as a definition. But not really as an explanation of what might attract people to invest. And in what, exactly?

13F filings in focus for clues to what Buffett, Soros and other high rollers bought and sold in Q2 (MarketWatch)
Where did the world’s most closely-watched investors – Warren Buffett, George Soros, David Einhorn, et al – put their money in the second quarter? Investors will await the answers Wednesday, the regulatory deadline for big players to file 13F-HR reports. The reports detail stocks their funds bought or sold during the quarter ended June 30, as major indexes were preparing to bounce back from a swoon inspired by concerns that the Federal Reserve’s expected tapering of its bond purchases would rob the market of the fuel for a continued push into record territory.

George Soros Shuns Bill Ackman In Fight For Power At J.C. Penney (HuffingtonPost)
Major J.C. Penney Company, Inc. (NYSE:JCP) investor George Soros has decided to side with the company’s chairman and its chief executive officer as they battle an activist investor for influence at the struggling retailer, according to a report from Bloomberg News. Joined by Glenview Capital Management, which also holds a significant stake in J.C. Penney Company, Inc. (NYSE:JCP), Soros Fund Management is shunning hedge fund billionaire Bill Ackman’s plan to quickly shake up management at the retailer, Bloomberg says. The J.C. Penney Company, Inc. (NYSE:JCP) board has been embroiled in a vitriolic fight for power over the past week after Ackman leaked a letter that called for the company to replace CEO Mike Ullman, who stepped into the role after his predecessor, Ron Johnson, was fired in April.

JC Penney fires back at Ackman (CNBC)

George Soros Turns 83, Still Funds Liberal Groups and Media (NewsBusters)
Liberal billionaire George Soros celebrates his 83rd birthday on Aug. 12. The left-wing philanthropist continues to have a deep-vested interest in American politics, including a recent endorsement of Democrat Bill de Blasio for mayor of New York City. Soros has a long history of funding liberals and attacking conservatives, and spent more than $25.5 million to defeat President George W. Bush in 2004. Soros also aids hundreds of left-wing groups in America each year under the auspices of his Open Society Foundations.

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