Soros to Be Booted out of His Native Hungary
As Trump takes office Hungarians plan to get their hands dirty
Jan 11, 2016 by Dean Parker
Hungary sees Trump coming to power in the US as an opportunity. An opportunity to come down hard on each and every organization in the country funded by Hungarian-born American billionaire George Soros.
Szilard Nemeth, the deputy head of the ruling Fidesz party of Prime Minister Viktor Orban told reporters Hungary must use “all the tools at its disposal” to “sweep out” NGOs funded by Soros, which “serve global capitalists and back political correctness over national governments”.
“I feel that there is an opportunity for this, internationally,” because of Trump’s election, he added.
The country’s legislature is scheduled to debate a proposed law that would allow authorities to audit NGO executives.
SOROS LOST $1 BILLION SINCE TRUMP WON THE WHITE HOUSE
Soros was the largest donor to the Super PAC backing former Secretary of State Hillary Clinton for President last year
Jan 12, 2017 by Robert Donachie
Billionaire hedge fund manager and major Hillary Clinton backer George Soros lost nearly a billion dollars in stock since President-elect Donald Trump won the White House.
Soros returned to the stock market, trading at Soros Fund Management LLC, which manages almost $30 billion in assets for Soros and his family. Soros allegedly began trading again because he saw an opportunity to profit from what he predicted to be tumultuous economic times ahead. The billionaire scored huge profits in 1992 betting against the British pound.
The business mogul spent the last few years largely removed from his fund’s trading operations, spending his time mainly focusing on public policy, charity, and politics. Soros was the largest donor to the Super PAC backing former Secretary of State Hillary Clinton for President last year, and he also donated large sums to other Democratic groups.
While he was cautious going into the November election, Soros became increasingly bearish once Trump won, an investment term used to describe someone who believes their stock holdings will fall, the Wall Street Journal reports. Soros’s analysis of current trends proved to be a woefully inaccurate; the stock market had a historic rally in the month following Trump’s election. Soros Fund Management, LLC sustained nearly $1 billion in losses over the past six weeks. (RELATED: Here Is How The Market Looks One Month After A Trump Win)
Although some of Soros’s holdings have taken quite a hit, his situations in the financial and industrial sectors are performing well, and his hedge fund ended up five percent at the end of the year.