Quantum endowment fund liquidating Free local sex chats no registration
The flow of cash allowed Elon Musk, chairman of Tesla Motors and Solar City, to purchase Solar City and merge it with Tesla.
The Quantum Group of Funds are privately owned hedge funds based in Curaçao (Netherlands Antilles) and Cayman Islands.
They are advised by George Soros through his company Soros Fund Management.
Soros started the fund in 1973 in partnership with Jim Rogers.
It's official: George Soros, the world's most successful speculator, is closing up his legendary billion Quantum Fund to outside investors after 40 years.
Soros explained that new regulations under the Dodd-Frank Act would have required the fund to register with the SEC if it continued to invest money for outsiders.
Any story this heavily hyped is an incredible opportunity for market pundits to put their collective feet in their mouths. So what are the biggest misconceptions about this historic event, and what's actually going on? 24/7 Wall Street reported on which stocks it thinks could be vulnerable from a Soros Fund liquidation.
The Lazarus-like recovery of the nation’s big banks did not benefit just the bankers — it also created huge paydays for hedge fund managers, including a record billion gain in 2009 for one bold investor who bet big on the financial sector.
The manager, David Tepper, wagered that the government would not let the big banks fail, even as other investors fled financial shares amid fears that banks would collapse or be nationalized. Tepper, who describes his trading technique as a mix of deep analysis and common sense, said Wednesday in an interview.
This forces investors who bought when the fund was more expensive to sell at a loss.
Worse yet, the fund may have embedded capital gains, which can have an immediate impact for investors holding the fund in a taxable account.