George Soros News Trends: J.C. Penney Company, Inc. (JCP), Bill Ackman’s Allegations, Secret Documents & More

Editor’s Note: J.C. Penney Company, Inc. (NYSE:JCP), Herbalife Ltd. (NYSE:HLF)

Why George Soros Likes J.C. Penney (Seeking Alpha)
Soros Fund Management, which is managed by billionaire George Soros, now owns 21.98 million shares of ailing retailer J.C. Penney Company, Inc. (NYSE:JCP). The stake is 10% larger than it had been in the second quarter. The fund will be the retailer’s largest investor when Pershing Square Capital pulls out of J.C. Penney. Glenview Capital, a hedge fund managed by former Omega Advisors trader Larry Robins, owned 8.4 million shares at the end of the second quarter. Also, Tiger Consumer Management raised its stake in J.C. Penney Company, Inc. (NYSE:JCP) to 5.43 million shares. While I don’t recommend blindly following hedge fund picks, I believe they should serve as initial ideas for further research.

SOROS FUND MANAGEMENTGeorge Soros’ Herbalife Trades Investigated By SEC (Value Walk)
It looks like the SEC is taking Bill Ackman’s allegations seriously. He accused George Soros’ fund of insider trading when it purchased shares of Herbalife Ltd. (NYSE:HLF). Now an SEC lawyer has spoken to at least one of the people involved. The Securities and Exchange Commission has launched an insider trading investigation into trades of Herbalife Ltd. (NYSE:HLF) shares by billionaire investor George Soros.

What George Soros must be thinking about the rupee (FirstPost Business)
George Soros likes to believe that he has managed to make all the money that he has, by following what he calls the theory of reflexivity. Not everyone believes this though. His son Robert, offers another explanation for his success in Michael Kaufman’s Soros: The Life and Times of a Messianic Billionaire. As Robert puts it “My father will sit down and give you theories to explain why he does this or that. But I remember seeing it as a kid and thinking, Jesus Christ, at least half of this is bullshit, I mean, you know the reason he changes his position in the market or whatever is because his back starts killing him. It has nothing to do with reason. He literally goes into a spasm, and it’s his early warning sign.”

Soros-Funded ProPublica Also Has Secret Snowden Documents (News Busters)
A Soros-funded journalism organization also has copies of secret intelligence files from NSA leaker Edward Snowden. Reuters revealed this during an Aug. 30 article that called ProPublica an “independent investigative journalism group,” and made no mention of its political left-wing leanings. ProPublica is a liberal investigative journalism outfit that has received $300,000 from George Soros’ Open Society Foundations since 2000 and millions of dollars from the liberal Sandler Foundation.

SEC is looking at Soros (New York Post)
The Securities and Exchange Commission is taking Bill Ackman seriously. Days after the hedge-fund mogul wrote the regulator and complained about alleged insider-trading violations by George Soros’ family fund regarding its trading in Herbalife, the SEC took action. An SEC lawyer has contacted at least one person who spoke with Soros Fund Management portfolio manager Paul Sohn, who was driving the firm’s Herbalife investment, The Post has learned.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!