By Bob Bryan, Business Insider:
Hedge fund legend George Soros lost a lot of money after the election of Donald Trump, according to a new report from The Wall Street Journal.
The Journal’s Gregory Zuckerman and Juliet Chung cited people familiar with Soros’ trading who said the billionaire became bearish after Trump’s the victory, and those bets seem to have come back to bite him.
However, Soros’ larger fund, Soros Fund Management, gained 5% over the year, according to the Journal.
Soros supported Trump’s opponent, Hillary Clinton, and contributed millions to super PACs backing her campaign, so it may come as no surprise that he was skeptical of the market after Trump’s upset victory.
To read the rest of the article visit Business Insider.
