George Soros slashes exposure to US equities

Posted August 17, 2010 by James Quinn |Telegraph.cp.uk; Re-posted 8MAY12 by APC Freedom Messenger

George Soros has slashed the amount of money he is willing to gamble on the fortunes of the US stock market in the second quarter as market volatility increased.

The legendary investor’s Soros Fund Management – which has approximately $25bn (£16bn) under management – reduced its equity investments by 42pc to $5.1bn by the end of June, down from $8.8bn at the end of March.

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