George Soros News: The Herbalife Ltd. (HLF) Bet, One Intriguing Possibility & More

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Might Elsztain bring Steinhardt, Soros into IDB? (Globes)
There is never a dull moment in the IDB Holding Corp. Ltd. (TASE:IDBH) debt settlement saga. …Elsztain’s aides today floated the names of US billionaires Michael Steinhardt and George Soros as possible participants in his investment in IDB, provided that the bondholders accept the offer. The sources said that Steinhardt and Soros would receive 25% of IDB Development. Elsztain made joint investments with Soros in the early 1990s, including in real estate developer Alrov (Israel) Ltd. (TASE: ALRO), controlled by Alfred Akirov.

George Soros Is Getting Bearish on the Market (InvestorPlace)
George Soros might be bullish on Apple Inc. (NASDAQ:AAPL), but he’s bearish on America. The hedge fund manager recently filed Soros Fund Management’s 13F for the second quarter. Headlines have been focusing on Soros’ stake in Apple Inc. (NASDAQ:AAPL), which increased by nearly 150% from the quarter prior, but fewer have noticed his huge put option stake on the SPDR S&P 500 ETF (SPY). For those who aren’t familiar with options, buying a put is a bearish move. Translation: Soros is making a huge bet that the S&P 500 will head lower.



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