Paul Tudor Jones: “This Market, Which Is Reminiscent Of The 1999 Bubble, Is On The Verge Of A Significant Change”

Just hours after Neil Chriss announced that his $2.2 billion Hutchin Hill hedge fund is shuttering due to underperformance and admitted that “we fought hard, but did not deliver the performance that you expected from us”, another legendary hedge fund announced it was undergoing a significant restructuring as a result of relentless investor withdrawals: citing a November 30 letter, Bloomberg reported that Paul Tudor Jones’ Tudor Investment Corp, which lost 1.6% YTD, was closing its Discretionary Macro fund “and letting investors shift assets to the main BVI fund as of Jan. 1” with the letter clarifying that “Jones will also principally manage Tudor’s flagship BVI fund, which will be the firm’s only multi-trader fund next year.”
The restructuring took place as clients pulled half a billion dollars from Tudor in the third quarter, leaving the firm’s assets at $7 billion, roughly half the level it managed in June 2015, Bloomberg News reported previously. As part of the sweeping overhaul, Andrew Bound and Aadarsh Malde, formerly co-CIOs of the Tudor Discretionary Macro Fund, would depart. In a move reminiscent of George Soros’ recent return to more active management, Jones, who ran the BVI fund with a team of managers, would now have a smaller team and will assume a more dominant role in the fund.

This post was published at Zero Hedge on Dec 3, 2017.

George Soros’ $18 Billion Tax Dodge Exposed

Authored by Stephen Moore op-ed via The Wall Street Journal,
The wealthy have tucked billions into private nonprofits… where the IRS can’t touch it.
***
Congress is still scrambling to find ways to pay for its tax cut, so perhaps it should pay closer attention to last month’s news that George Soros had transferred $18 billion of his fortune to a private charity that he controls. There it will be sheltered from the Internal Revenue Service forever. This may be the single biggest tax dodge in U. S. history, yet no one on the right or left seems to have raised an eyebrow.

This post was published at Zero Hedge on Nov 24, 2017.

“Beyond Resistance” – Soros, Pelosi Headline Left’s Biggest Dark Money Conference

A secretive three-day conference where big money liberal donors are plotting the next steps of the “resistance” will be headlined by Friday speeches by billionaire George Soros and Democratic House Minority Leader Nancy Pelosi, according to internal documents obtained by the Washington Free Beacon.
The Democracy Alliance, a donor club of deep-pocketed liberal donors that each pledge to direct hundreds of thousands of dollars in funding to approved left-wing groups, descended on California’s posh La Costa Resort on Wednesday morning for its fall donor summit. The group continued its tradition of secrecy, promising all members and guests of the summit their participation would “remain confidential.”
The first page of the conference agenda, which was obtained by the Washington Free Beacon and can be viewed in its entirety below, lays out “participation guidelines,” explaining that the Democracy Alliance is a “safe place” for donors and activists to meet.
Guests are instructed not to share members’ names with the press and not to post to any social media sites, to contact Democracy Alliance if “the media or a blogger” contacts them, and to “refrain from leaving sensitive materials out where others may find them.”
This latter directive was ignored.

This post was published at Zero Hedge by Brent Scher and Joe Schoffstall via FreeBeacon.com, Nov 17, 2017.

Business Cycles and Inflation – Part I

Incrementum Advisory Board Meeting Q4 2017 – Special Guest Ben Hunt, Author and Editor of Epsilon Theory
The quarterly meeting of the Incrementum Fund’s Advisory Board took place on October 10 and we had the great pleasure to be joined by special guest Ben Hunt this time, who is probably known to many of our readers as the main author and editor of Epsilon Theory. He is also chief risk officer at investment management firm Salient Partners. As always, a transcript of the discussion is available for download below.
As usual, we will add a few words here to expand a little on the discussion. A wide range of issues relevant to the markets was debated at the conference call, but we want to focus on just one particular point here that we only briefly mentioned in the discussion. In fact, as you will see we are about to go off on quite a tangent (note: Part II will be posted shortly as well).
Among the things Ben Hunt specializes in are the narratives accompanying economic and financial trends, and not to forget, economic and monetary policy, which inform the ‘Common Knowledge Game’ (in his introductory remarks, Ronald Stoeferle provides this brief definition: ‘It’s not what the crowd believes that’s important; it’s what the crowd believes that the crowd believes’). This reminded us of something George Soros first mentioned in a speech he delivered in the early 1990s:
Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend, and step off before it is discredited.

This post was published at Acting-Man on November 17, 2017.

George Soros To Congress: “Please Don’t Cut My Taxes”

After transferring over the bulk of his personal wealth to his ‘Open Society’ Foundation – the umbrella organization for a network of dozens of political groups that push Soros’s far-left agenda across the US and Europe, Soros is still comfortable enough to justify giving away even more of his money – this time to the US federal government.
Taking a page out of Warren Buffett’s book, Soros and a group of some 400 other rich Americans – including doctors, lawyers and CEOs – are sending a formal letter to Congress chiding lawmakers for trying to reduce taxes on the richest American families at a time when wealth inequality is rapidly expanding. Instead, the letter asks Congress not to pass any tax bill that ‘further exacerbates inequality’ and adds to the debt (both of the current Republican plans would add $1.5 trillion to the debt over 10 years).
The letter was penned by Responsible Wealth, a group of ‘enlightened’ rich people that includes Ben & Jerry’s Ice Cream founders Ben Cohen and Jerry Greenfield, fashion designer Eileen Fisher and philanthropist Steven Rockefeller, in addition to Soros. Along with the big names are many individuals and couples who rank among the top 5% of Americans (those who have $1.5 million in assets or earn $250,000 or more a year).
In a rebuttal to Congress’s argument that corporate tax cuts will help stimulate growth, the letter argues that corporations are already reaping record profits. Instead of handing more money to the wealthy, the letter’s signers argue the government should use the funds to invest in education, research and roads that benefit everyone, while protecting entitlement programs like Medicaid.

This post was published at Zero Hedge on Nov 14, 2017.

Ex-Soros Trader Sued For Viciously Abusing Women In “Manhattan Sex Dungeon”

Out of all the stories of harassment, abuse and victimization of women that have emerged since the Harvey Weinstein scandal broke last month, this one is possibly the most bizarre, and – if accurate – repugnant.
To wit, the New York Post reported Friday that a former portfolio manager at Soros Fund Management, the firm founded by Billionaire investor George Soros, sadistically abused and victimized women in a Manhattan penthouse sex dungeon – even beating one woman so brutally that one of her breast implants flipped.
Howie Rubin, 62, a former Bear Stearns trader who was featured in the best-selling Michael Lewis novels ‘Liar’s Poker’ and ‘The Big Short,’ was accused in a $27 million lawsuit filed in Brooklyn federal court of luring women to his sex dungeon, abusing them, then trying to silence them with settlements and NDAs.

This post was published at Zero Hedge on Nov 3, 2017.

SOROS TRANSFERS $18 BILLION TO HIS OPEN SOCIETY FOUNDATIONS

Left-wing financier George Soros has transferred $18 billion to the Open Society Foundations, the network of non-profits Soros uses to advance his left-wing ideology both in the United States and around the world.
The massive transfer, which was first reported by the Wall Street Journal, is roughly equivalent to the gross domestic product (GDP) of Afghanistan, according to World Bank data. Grover Norquist, president of Americans for Tax Reform, suggested that the transfer is a way for the 87-year-old Soros to avoid the estate tax – also known as the death tax – which penalizes large inheritances.
Inside Philanthropy reported last year that Soros, who has said that he considers himself to be ‘some kind of god,’ began laying the groundwork for the foundation to continue his mission after he dies. (RELATED: Leaked Emails Show Clinton Campaign Coordinating With Soros Organization)

This post was published at The Daily Sheeple on OCTOBER 17, 2017.

Soros, Kellogg, Ford: Donor List Of Anti-Trump ‘Resistance’ Group Revealed

The Center for Community Change Action (CCCA), a Washington, D. C.-based 501 (c)(3) progressive community organizing group and contributor to the anti-Trump “Resistance” movement, counts some of the most prominent American families among its impressive donor base. Unfortunately, at least for those donors, their staggering contributions to the secretive group have just been revealed by The Washington Free Beacon and include massive multi-million dollar grants from George Soros, the Kellogg Foundation and the Ford Foundation, among others.
The Free Beacon has obtained the group’s unredacted 2015 tax forms that shed light on its funders, who provide millions of dollars in assistance. The group appears to rely heavily on a few major liberal foundations, organizations, and unions.
The Center for Community Change’s largest contribution was $3,000,000 from the W. K. Kellogg Foundation, which was initially created by Will Kellogg, the food manufacturer and founder of Kellogg Company. The Ford Foundation, which was first created by the founders of the Ford Motor Company, added a $2,350,000 donation. The Open Society Foundation, a foundation run by liberal billionaire mega-donor George Soros, gave $1,750,000 to the Center for Community Change.
Other donors to the organization include the California Endowment, which gave $524,500; the Marquerite Casey Foundation, which gave $515,000; Fidelity Charitable Gift, which donated $505,100; and the National Immigration Law Center, which gave $316,000.

This post was published at Zero Hedge on Oct 4, 2017.

Jim Rogers Tells ETF-Holders “The Next Bear Will Be Horrendous”

Legendary investor Jim Rogers, who in 1973 founded the Quantum Funds, a prominent family of hedge funds, with then-unknown Hungarian-born financier named George Soros, joined RealVision’s Steve Diggle for a wide-ranging interview where the legendary financier, who moved to Singapore in 2007 with his family because he wanted his children to be immersed in Asian culture, discusses his views on gold, bitcoin, and what makes a good investor – along with his belief that a major correction in financial markets is about to begin.
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The interview, which was filmed two weeks ago in Singapore, begins with a discussion of a theme in finance that’s been at the forefront of discussions about the market outlook. Many investors believe that, with volatility at record lows and valuations at record highs, a major shock is imminent. However, these same investors have been burned by uncooperative markets, as an expected selloff has yet to materialize.

This post was published at Zero Hedge on Oct 1, 2017.

Julian Robertson: “There’s A Bubble” And “It’s The Federal Reserve’s Fault”

Call it the “bearish billionaire” curse. One month ago, MarketWatch penned “7 billionaires who are worried about a stock-market correction” which listed Carl Icahn, David Tepper, Howard Marks, George Soros, Jeff Gundlach, Warren Buffett and Eliot Singer as some of the world’s wealthiest people who are losing sleep over the S&P trading at all time highs.

This post was published at Zero Hedge on Sep 12, 2017.

PETITION TO DECLARE GEORGE SOROS A TERRORIST GETS ENOUGH SIGNATURES FOR WH RESPONSE

A petition to declare socialist billionaire George Soros a terrorist has garnered enough signatures to get an official response from the White House. The petition, which needed only 100,000 signatures by September 19, had almost 137,000 signatures as of Tuesday morning.
The White House.gov petition created by ‘E. B.’ states that Soros assets should be seized by the government as per RICO and NDAA laws.
Whereas George Soros has willfully and on an ongoing basis attempted to destabilize and otherwise commit acts of sedition against the United States and its citizens, has created and funded dozens (and probably hundreds) of discrete organizations whose sole purpose is to apply Alinsky model terrorist tactics to facilitate the collapse of the systems and Constitutional government of the United State, and has developed unhealthy and undue influence over the entire Democrat Party and a large portion of the US Federal government, the DOJ should immediately declare George Soros and all of his organizations and staff members to be domestic terrorists, and have all of his personal an organizational wealth and assets seized under Civil Asset Forfeiture law. -WhiteHouse.gov petition
Soros donated millions of dollars to Hillary Clinton’s failed presidential campaign and he’s been known to be the main financier behind violent uprisings of leftist groups in the recent past. And this isn’t the first petition created by citizens asking for Soros to be punished by the government for his continued financial support of the government.

This post was published at The Daily Sheeple on SEPTEMBER 5, 2017.

Petition To Label George Soros A “Domestic Terrorist” Has 80,000 Signatures

In less than two weeks, a WhiteHouse.gov petition demanding that billionaire investor George Soros be declared a ‘domestic terrorist,’ and that authorities seize his multibillion-dollar fortune, has garnered nearly enough signatures to force the Trump administration to issue a formal response.
The petition, which has attracted 80,000 signatures so far – just 20,000 shy of the 100,000-signature threshold where a response would be required – accuses Soros of being guilty of sedition by financing groups that help support violent Antifa counter-protesters and other dangerous leftist groups.
Last week, we reported that a similar petition, this one asking that President Donald Trump declare Antifa to be a terrorist group, had reached the threshold. The petition is still awaiting a formal response, but in one promising development, Politico reported today that the Department of Homeland Security had described the group’s actions as ‘domestic terrorist violence’ in private memos.
Over the past week, the mainstream media narrative has turned decidedly against Antifa, with the Washington Post, Bloomberg and the Atlantic publishing stories criticizing the group’s violent tactics.

This post was published at Zero Hedge on Sep 1, 2017.

George Soros Is Betting Against U.S. Markets – Here’s What It Means

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission.
George Soros is betting against American markets.
Again.
U. S. regulatory filings revealed that, as of June 30, the Hungarian-born hedge fund billionaire is holding put options – options he would profit from only if the underlying securities fall in value – on exchange-traded funds (ETFs) tracking major American indexes:
PowerShares QQQ Trust (Nasdaq: QQQ) SPDR S&P 500 ETF (AMEX: SPY) iShares Russell 2000 ETF (NYSE Arca: IWM) These index ETFs represent the tech-heavy Nasdaq, the broad S&P 500, and the small-cap Russell 2000 indexes – three of the four major market indexes in America. And Soros holds put options on all of them, which means he’s banking on the failure of not just one or two companies, but the markets as a whole.

This post was published at Wall Street Examiner by Money Morning Staff Reports ‘ August 18, 2017.