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Soros Best In 2013, Tops Dalio With Massive $40 Billion Lifetime Gain

Tyler Durden's picture


Size matters, it would seem, in the world of elite hedge fund managers. George Soros' Quantum Fund had its 2nd-best year on record, adding $5.5bn (22%) to the pound-breaking billionaire's horde and has now shifted above Ray Dalio's Bridgewater fund as the most successful hedge fund of all time. As The FT reports, since inception in 1973, Quantum has generated almost $40bn. Four other funds including Tepper's Appaloosa, Mandel's Lone Pine, and Klarman's Baupost also made more than $4 bn for their investors. Since they were set up, the top 20 hedge funds have made 43 per cent of all the money made by investors in more than 7,000 hedge funds.


Via Bloomberg and The FT,

Soros Best of all-time...

George Soros’s Quantum Endowment fund had its second-best year ever in dollar terms in 2013, adding $5.5bn to the billionaire’s fortune and putting Quantum back in top place among the most successful hedge funds of all time.


The gains mark a return to stability for Quantum, which Mr Soros closed to non-family members at the end of 2011 to avoid regulatory scrutiny under the Dodd-Frank financial reforms.




Last year’s return means Mr Soros has displaced Ray Dalio’s Bridgewater Pure Alpha as the fund that has made the most money for investors. It has generated almost $40bn since it was founded in 1973, according to Rick Sopher, chairman of LCH Investments, who compiled the rankings.



But size matters...

Four other funds made $4bn or more last year, all correctly calling the strong run in equities, which resulted in the US stock market returning 32 per cent. They were Lone Pine and Viking, the most successful “Tiger cub” protégés of Tiger Management’s Julian Robertson; David Tepper’s Appaloosa; and Baupost, founded by the Boston-based deep-value investor Seth Klarman.




The firms benefited from winning bets on companies such as Inc., Goodyear Tire & Rubber Co. and Delta Air Lines Inc. that outperformed U.S. stock market indexes, regulatory filings show.


Since they were set up, the top 20 hedge funds have made 43 per cent of all the money made by investors in more than 7,000 hedge funds.

And some are on the comeback...

John Paulson returned to form in 2013 by netting clients $2.6 billion, according to LCH’s report. Paulson, who became a billionaire in 2007 betting against the U.S. housing market, posted gains in 2013 ranging from 18 percent to 63 percent at several of his strategies, a person with knowledge of the matter told Bloomberg News last month.


Paulson, whose New York-based firm manages $20 billion, made $200 million for his clients in 2012 after losing almost $10 billion for them in 2011 when he had his worst investing year, according to LCH.

Perhaps best summing up the current euphoria, one hedge fund analyst noted (somewhat ironically given the name "hedge fund"):

“Too many managers now focus on risk control at the expense of returns.”

But there was a warning:

“The challenge will be to trade tactically,” he said. “The discounting of financial repression over the past few years has merely brought forward future returns and left a rather less enticing landscape to long-only managers.”


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Mon, 02/10/2014 - 11:01 | 4419751 Sudden Debt
Sudden Debt's picture



and medical because they seem to be kicked back or something...

Mon, 02/10/2014 - 11:03 | 4419775 Clint Liquor
Clint Liquor's picture

Life is good for the crony-capitalist.

Mon, 02/10/2014 - 11:07 | 4419783 gmrpeabody
gmrpeabody's picture

Life is good when you get your news the day before everybody else...

With that kind of assist, even a blind monkey could do it.

Mon, 02/10/2014 - 11:27 | 4419847 Derezzed
Derezzed's picture

Oh well at least Georges knows how to best use his money in his own interest and ours : destabilizing all Middle-East and East Europe so that they can enjoy the benefits of the PAX Americana.


Mon, 02/10/2014 - 11:40 | 4419894 Clint Liquor
Clint Liquor's picture

even a blind monkey could do it

Buffet buys Railroad, has Obama stop XL Pipeline, makes a fortune hauling oil by Rail.

Brilliant investor.

Mon, 02/10/2014 - 11:49 | 4419917 Big Corked Boots
Big Corked Boots's picture

Collaboration is profitable.

The trick is to remain one step ahead of the rope and lamppost... and after you reach a certain level of wealth, that's easy.

Mon, 02/10/2014 - 14:05 | 4419928 gmrpeabody
gmrpeabody's picture

Yes, well you do achieve a higher level in the justice system at a certain point..., and if you sprinkle contributions in the right directions. Elementary, Cork.

Mon, 02/10/2014 - 15:42 | 4420733 BorisTheBlade
BorisTheBlade's picture

That, and get invested into lamp post and guilotines since it's a soon-to-be a growth industry.

Mon, 02/10/2014 - 12:18 | 4420002 DeadFred
DeadFred's picture

Anyone know how many governments you can overthrow with 5.5B? What is the going price for a synthesized revolution now days? It hard to keep current on these things

Mon, 02/10/2014 - 11:26 | 4419848 Derezzed
Derezzed's picture



Mon, 02/10/2014 - 11:06 | 4419784 ArkansasAngie
ArkansasAngie's picture

When you make the rules its easy to win

Mon, 02/10/2014 - 11:30 | 4419862 Mister Kitty
Mister Kitty's picture

Money is great.  But it doesn't stop you from dying.  What a pisser.

Mon, 02/10/2014 - 12:35 | 4420077 NotApplicable
NotApplicable's picture

How many logins have you made here to pimp your dumb blog?

Mon, 02/10/2014 - 11:33 | 4419871 Offthebeach
Offthebeach's picture

Looks like Hillary is going to get a lot more $2mil speaking fees from various ( cough cough ) " foundations ".

( Have the Clintons net worth surpassed Mittens yet? Such is the difference between retail and wholesale. )

Mon, 02/10/2014 - 12:35 | 4420068 Freddie
Freddie's picture

Soros is a scumbag.   Ray Dalio is smart.

Mon, 02/10/2014 - 10:58 | 4419752 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Let's give three cheers for the Despicable!


Mon, 02/10/2014 - 11:04 | 4419768 mayhem_korner
mayhem_korner's picture



Does it help to have inside information?  Jus wunnerin...

Mon, 02/10/2014 - 11:05 | 4419771 negative rates
negative rates's picture

It's easier for a camel to walk thru the eye of a needle, than it is for a rich man to make it to heaven.

Mon, 02/10/2014 - 11:05 | 4419778 IridiumRebel
IridiumRebel's picture

....any place but earth, Mr. Soros. Feel free to check out any time. 

Mon, 02/10/2014 - 11:18 | 4419831 Rock the Casbah
Rock the Casbah's picture

I think it's easier for a rich man's needle to pass through the camel toe....

Mon, 02/10/2014 - 12:06 | 4419979 SAT 800
SAT 800's picture

LOL. Pretty sure you got that right !!

Mon, 02/10/2014 - 11:08 | 4419788 NeedleDickTheBu...
NeedleDickTheBugFucker's picture

Another datapoint confirming that the majority of the remaining 6,980 hedge funds are nothing more than leveraged beta vehicles fleecing their investors with 2 & 20 fee structures.

Mon, 02/10/2014 - 11:08 | 4419790 Infinite QE
Infinite QE's picture

Now he can afford to give a raise to his protesters in the Ukraine.

Mon, 02/10/2014 - 12:09 | 4419984 SAT 800
SAT 800's picture

I feel like speaking in his defense on this issue; I doubt very much he's doing that. There's another long time Washington insider who is a prime suspect; but I don;t feel like mentioning his name,  Soros; like most people, has done some good and some bad, but he was trying to help Russia economically just after their financial disaster associated with their breakup of the Soviet Union; very doubtful he's foolish enough to believe in or spend money prevaricating for an independent Ukraine.

Mon, 02/10/2014 - 12:23 | 4420034 walküre
walküre's picture

Didn't he "help" Russia at the expense of the BoE? That guy?

Mon, 02/10/2014 - 12:36 | 4420078 Freddie
Freddie's picture

He helped the oligarchs steal the resources of Russia.  Putin took a lot of them back for Russia and probably some for himself.

Mon, 02/10/2014 - 15:29 | 4420660 Infinite QE
Infinite QE's picture

"The latest professionally-agitated spectacle in Kyiv’s was spearheaded by the same Soros/Sharp/National Endowment for Democracy/CIA hydra that saw the overthrow of Ukraine’s government in 2004 in the so-called Orange Revolution. This time, not only is Ukrainian President Yanukovych, but ultimately Russian President Vladimir Putin, are the target"

Mon, 02/10/2014 - 11:11 | 4419793 Dr. Engali
Dr. Engali's picture

Finacial repression for the past feww years have brought future gains forward? It's more like 43 years of printing funny money have brought gains forward and we are now paying the price.

Mon, 02/10/2014 - 11:17 | 4419817 negative rates
negative rates's picture

Life must be lived forward, but can only be understood backwards.

Mon, 02/10/2014 - 11:26 | 4419856 Oldwood
Oldwood's picture

AS with anything, ignorance is our greatest weakness that is played upon to our disadvantage. Gambling relies on a certain amount of ignorance for if you knew all the facts it wouldn't be gambling, and if done in the context of gambling it would be considered cheating. So, ignorance of the facts is our enemy and there are those who will attempt to lead us to believe they have knowledge or access to facts that others do not, thereby creating advantage, or "opportunity" as some would call it. There are those with enough money, power and connections like Soros who can effectively predict the future because in many ways they are creating the future. But those who have this ability are not going to give it away or sell it cheaply, and if they can, they will keep the lion's share in their own pocket. I wonder how much of Soros' fund is his own money? Regardless, If Soros is making this kind of money, in the casino, someone else must be losing it as well. Gamble on Mad Men.

Mon, 02/10/2014 - 11:11 | 4419794 Stuart
Stuart's picture

Hedgefunds are generally a very lousy place to park your money unless you want to finance a ridiculously opulent lifestyle of the fund manager.  He profits on the win, doesn't lose on the loss. 

Privatize gains, socialize losses. 

Mon, 02/10/2014 - 11:17 | 4419815 Oldwood
Oldwood's picture

How does that differ all that much from any investment broker or manager. When these guys will put their money in beside mine, I might....might consider getting back in. Until then, fuck each and every last one. Commissions and consultants, always paid for their opinion good bad or otherwise.

Mon, 02/10/2014 - 11:14 | 4419805 Seasmoke
Seasmoke's picture

Looks like a Tribe convention. 

Mon, 02/10/2014 - 11:16 | 4419813 buzzsaw99
buzzsaw99's picture

brought to you by carl's jr (zerohedge)

Mon, 02/10/2014 - 11:20 | 4419827 rsnoble
rsnoble's picture

Pray the likes of this scumbag die before transhumanism takes hold.  Of course plenty of uprising assholes to fill the void.  Ok scratch that, all of them need to die.

Mon, 02/10/2014 - 11:23 | 4419844 Budd aka Sidewinder
Budd aka Sidewinder's picture

Who does Georgy Schwarz consider family????

Theoretically anyone in the 12 tribes qualifies, right?  Enforce that SEC

Mon, 02/10/2014 - 11:26 | 4419854 syntaxterror
syntaxterror's picture

How's that 9% marginial tax rate working out for soros?

Mon, 02/10/2014 - 11:27 | 4419858 q99x2
q99x2's picture

Birinyi sees S&P at 1900 by July.

I hate Pittsburgh, PA in the winter. I'm not moving yet because the End is not Near (enough).

Goin out to photograph fish through the ice of frozen streams and lakes. If you buy Bitcoin low and sell high you too will not have to work and get to experience such joys.

Mon, 02/10/2014 - 11:29 | 4419863 HamRove
HamRove's picture

Is it too much to ask that he die of a heart attack on the toilet like a good little chubby dictator?

Mon, 02/10/2014 - 11:55 | 4419934 sarahsloverlance
sarahsloverlance's picture

"Behind EVERY great fortune, there is a heinous crime". 



Mon, 02/10/2014 - 12:03 | 4419957 Quinvarius
Quinvarius's picture

When you have insiders at central banks making sure you are on the right side of trades, it isn't hard.  You only need a couple wins.  Soros is no genius.  He is a criminal that is part of a criminal insider trading ring at the highest levels.  That complete garbage about him breaking the pound makes me laugh.  Yeah.  He just happened to make a massive bet just before the British government devalued the pound by choice.  He had no knowledge of that or anything beforehand.  LOL.  Soros is a world class bag of shit.  And he can ram that spear of destiney right up his ass.  It isn't going to help him.

Mon, 02/10/2014 - 12:05 | 4419974 venturen
venturen's picture

easy to see why he backed Obama. Talk about the levers of power. The stupid liberal follow these money men hook line and sinker. Heck the voted for Corzine, Obama whose whole career are spent stealing from people. They don't build anything....they are the ultimate takers!

Mon, 02/10/2014 - 12:11 | 4419986 tradewithdave
tradewithdave's picture

Hey... all that with a broken leg and while your jilted X is channeling her inner Gina Carano... not bad even though "Old Guys Rule!" has been displaced with Chatham House Rules!

Mon, 02/10/2014 - 12:14 | 4419993 walküre
walküre's picture

65 billion a month

10 billion to the Gods at Goldman, 10 billion to sweet lil' Jamie, 10 billion to shiti, 10 billion to Soros & friends, 10 billion to riff raff banks, 10 billion to keep the shit show "America" going and 5 billion to our brothers and sisters in need at the Fed

Mon, 02/10/2014 - 12:21 | 4420024 BrigstockBoy
BrigstockBoy's picture

Congratulations George, please die soon...

Mon, 02/10/2014 - 12:28 | 4420052 quasimodo
quasimodo's picture

How is it that these old codgers just linger?


and linger?


and linger?



Mon, 02/10/2014 - 12:44 | 4420110 Colonel Klink
Colonel Klink's picture

Because they have access to the blood of babies, the highest quality of healthcare, and food to stay alive.

Mon, 02/10/2014 - 12:39 | 4420098 Colonel Klink
Colonel Klink's picture

One of the most greedy and evil men in the world.

Mon, 02/10/2014 - 14:04 | 4420334 kralizec
kralizec's picture

Would look good perp-walked to the gallows...too bad we probably will never see it...

Mon, 02/10/2014 - 13:08 | 4420161 tony wilson
tony wilson's picture

correct me if i am wrong here but did this guy work in a concentration camp?

why is simon weesel institute or steven spielberg not after him?

Mon, 02/10/2014 - 14:26 | 4420427 tradewithdave
tradewithdave's picture

You are mistaking a "free house" with an "open house".  Happens to Realtors all the time.  "Free Society" does not equate to "Open Society" any more than Linux equates to RHT.  Chatham House Rules!  

Mon, 02/10/2014 - 13:38 | 4420185 kragsquest
kragsquest's picture

And at what cost?? Untold misery for countless millions.  I'm sure there will be an inverse relationship of money made and pleasure enjoyed in this life to what awaits people like Soros in the next life!  Satan and the underworld have been waiting eagerly for him a long time!  

Mon, 02/10/2014 - 13:35 | 4420251 halfawake
halfawake's picture

"Paulson, who became a billionaire in 2007 betting against the U.S. housing market" how can someone write this and not throw up? must be a robot. wtf, msm sucks.

Mon, 02/10/2014 - 14:18 | 4420390 Lumberjack
Lumberjack's picture

I think George Soros enjoys power sufficient to put Obama in office, and to engineer the collapse of the world-wide fishing industry. George Soros is behind Ospraie the main investor in DeepWater Wind.

And, Soros is buying up farmland, flooded agricultural property. Carlyle, also Soros, appears to be pushing hard into aquaculture. Ospraie's focus is on commodities and energy, with billionaire investor Soros lurking then behind the Stalking Horse, DeepWater Wind.

See: Ospraie page 10 last entry is backing DeepWater Wind

Who is behind DeepWater Wind?
Deepwater Wind, also of Hoboken, is fresh from winning the right to develop a 385 megawatt wind project off Rhode Island's coast that will
supply 15% of the state's power. Deepwater was formed in May after the acquisition of offshore wind assets from Winergy Power LLC and First Wind
Holdings Inc. Its main shareholders are multibillion-dollar New York-based alternative-asset management firm D.E. Shaw & Co., Dwight Anderson's
Ospraie Management, a New York-based hedge fund that focuses on commodities and energy, and First Wind. First Wind is backed by private-equity
firm Madison Dearborn Partners and the private-equity arm of D.E. Shaw.

Simpson Thacher
The Energy and Infrastructure Group
2008 Representative Transactions
Mergers and Acquisitions

(clip 2008)
Representation of JPMorgan, as agent and lender in connection with the extension
and issuance of secured revolving loans, letters of credit and swingline loans in an
aggregate principal amount of up to $1.75 billion in connection with Ospraie
Management LLP’s acquisition of ConAgra Foods’ trade unit.
Ospraie, a subsidiary of Gavilon, focuses exclusively concommodities
and basic industries. The sold businesses willnow operate as
The Gavilon Group, LLC; leading merchandisers, distributors,
traders and risk managers of agricultural and energy commodities.

Google: Gavilon George Soros

Gavilon taps Barclays to find a buyer for company -sources | Reuters
Aug 2, 2013 - Shareholders of privately held Gavilon, which is based in Omaha, Nebraska, include billionaire investor George Soros, Dwight Anderson's ...
Marubeni buys Gavilon for $3.6 billion as it eyes China | Reuters
May 29, 2012 - It unites Gavilon's huge U.S. network of grain elevators and ... 2008, alongside investor George Soros and General Atlantic, a $17 billion private ...
Marubeni close to buying Gavilon for $5.2 billion: source | Reuters
May 8, 2012 - Gavilon, whose owners include George Soros and hedge fund manager Dwight Anderson, has a sizeable presence in key U.S. agricultural ...
George Soros owned Gavilon quietly purchasing our food | Diary of ...
Apr 3, 2011 - Gavilon, which is backed by George Soros's Soros Fund Management has since unveiled its own expansion plans in Australia, the southern ...
UPDATE 2-Oil trader Gavilon sold to NGL Energy for $890 mln
Nov 6, 2013 - The oil and gas division of Gavilon, which is partly owned by famed fund manager George Soros, was put on the block after the rest of the ...
Marubeni nears $5 billion-plus Gavilon deal: sources | Terra
T> is nearing a deal to buy U.S. grains merchant Gavilon for more than $5 billion ... Gavilon's owners include billionaire investor George Soros and hedge fund ...
George Soros making a move to control food and grain production ...
Mar 30, 2011 - With George Soros's making this move in backing Gavilon Grain's purchases to control food and grain distribution in the United States, and ...
Take Action to STOP Soros from controlling American Grain, Food
Apr 5, 2011 - "The main obstacle to a stable and just world is the United States." George Soros Soros Management Fund holds considerable stake in Gavilon ...
George Soros - KeyWiki
Jump to Gavilon - Gavilon. Gavilon is a Nebraska corporation that manufactures grain elevators. Soros has been purchasing these elevators in bulk.
George Soros/Gavilon aggressively buying grain elevators - The ... › ... › Public › Committees of Correspondence?
Mar 30, 2011 - 10 posts - ?8 authors
George Soros/Gavilon agressively buying elevators. Posted by Ann Barnhardt ... Gavilon to buy Union Elevator PNW grain elevators * Gavilon ...
Google: George Soros Ospraie
Ospraie and Soros buy US commodities trader - Financial News
Financial News
Jun 25, 2008 - New York hedge fund Ospraie Management has teamed up with billionaire financier George Soros to pay $2.8bn (€1.54bn) for the ...
George Soros Ospraie Capital Management Gavilion ...
Posts about George Soros Ospraie Capital Management Gavilion written by romanticpoet.
Feds buying up farmland they flooded; Soros in on it | Food Freedom
Jun 27, 2011 - Speaking of evil sons of bitches, George Soros appears to be ... The company is called Ospraie Capital Management and is buying up ...
George Soros and Dwight Anderson Love This Ag Stock - Insider ...
by Jake Mann
Oct 15, 2012 - Dwight Anderson, the founder of Ospraie Management, is a New-York based ... George Soros also holds a $232 million stake in the company, ... | Ospraie Management
Bloomberg Hedge Fund Summit 2012: Commodities with Ospraie's Anderson ... Adecoagro, the South American farm operator backed by George Soros and ...
Why Does George Soros Love This South American Ag Giant ...
by Meena Krishnamsetty - in 302 Google+ circles
Oct 16, 2012 - Dwight Anderson, the founder of Ospraie Management, is a New-York based ... George Soros also holds a $232 million stake in the company, ...
George Soros buying up flooded farmland! | Follow The Money
Jun 30, 2011 - Speaking of evil sons of bitches, George Soros appears to be “investing” in ... In the industry, it is widely acknowledged that Ospraie IS Soros.
Ann Barnhardt: DOUBLE RED ALERT (Soros buying up farmland)
Free Republic
Jun 24, 2011 - Speaking of evil sons of bitches, George Soros appears to be ... The company is called Ospraie Capital Management and is buying up ...
George Soros -
Mega investors Dan Loeb and George Soros have both recently added big positions ... *Gavilon owned by Soros Fund Management, Ospraie Management and ...
Images for George Soros Ospraie

More, with connections to NOAA for Soros-

Deepwater Wind, also of Hoboken, is fresh from winning the right to develop a 385 megawatt wind project off Rhode Island's coast that will supply 15% of the state's power.
Deepwater was formed in May after the acquisition of offshore wind assets from Winergy Power LLC and First Wind Holdings Inc. Its main shareholders are multibillion-dollar New York-based alternative-asset management firm D.E. Shaw & Co., Dwight Anderson's Ospraie Management, a New York-based hedge fund that focuses on commodities and energy, and First Wind. First Wind is backed by private-equity firm Madison Dearborn Partners and the private-equity arm of D.E. Shaw.

Source, subject DeepWater Wind, RI PUC: Luis Galindo--(Soros' connection to Ospraie)

"Luis Paz Galindo
A senior investment professional at Ospraie’s Special
Opportunities Fund focusing on energy and natural resources. With ten
years of private equity experience , Mr. Paz Galindo has led many
transactions in the US and in Latin America."

Pages 40 Soros, and 57 Ospraie

NOAA connection Soros:
Dr. Vlada Gertseva joined NOAA Fisheries Service in 2008. Prior to joining NOAA, Vlada worked as a professor at Oregon State University, teaching quantitative fisheries classes for the Department of Fisheries and Wildlife, and Extended Campus. Vlada was born in St. Petersburg, Russia. She received her joint B.S. and M.S. degree in Biology at Yaroslavl State University in Russia. She also received her M.S. in Environmental Science and Policy at Central European University in Budapest, Hungary, after being awarded a fellowship from George Soros' Open Society Institute.

LINKS TO SOROS; articles:

GEORGE SOROS | Soros is a partner in the Carlyle Group where he has invested more than 100 million dollars. According to an article by “The Baltimore Chronicle’s” Alice Cherbonnier, the Carlye Group is run by “a veritable who’s who of former Republican leaders,” from CIA man Frank Carlucci, to CIA head and ex-President George Bush, Sr.

Plunder in the Pacific
‘Free-for-all’ decimates fish stocks in the southern Pacific

New Global is a public company focused on acquiring high-growth firms, assets and properties in the Green market space; industry segments of particular interest include sustainable agriculture, aquaculture, solar, biofuels and carbon credits. Management is targeting growth stage companies that possess proprietary market edge and demonstrate solid opportunity to scale their business; special opportunities are anticipated to accelerate shareholder value by consolidating certain tiers of the $5 Trillion per year fragmented Green and Renewable Energy industry.

Mon, 02/10/2014 - 17:35 | 4421181 Lumberjack
Lumberjack's picture
Enron Romm


Most WUWT readers know Joltin Joe Romm by his trademark over the top rhetoric and his outright hatred of skeptics on parade every day at his Center for American Progress blog. Most of us have learned to ignore it, because he’s simply pushing a company brand.

Image via Wikipedia

That said, Master Resource has this interesting story today; it seems Joe was endorsing the nastiest energy company in history, as told by someone who was an employee, Robert Bradley Jr..

From Master Resource:

It is a common refrain in headlines at Joe Romm’s Climate Progress:

Smearing and innuendo is hardly fair play. But in this case, Joe Romm has something embarrassing to hide. Just as Koch Industries might be his least favorite company, Enron was his darling company. 

Specifically, Romm was not only a cheerleader of Enron (Enron is “a company I greatly respect,” Romm would say). He was also an unpaid consultant and collaborator with the infamously fraudulent division, Enron Energy Services (EES), purveyor of energy efficiency service in (gamed) long-term contracts...

Mon, 02/10/2014 - 18:26 | 4421425 Lumberjack
Lumberjack's picture


Secretary White. Thank you, Mr. Chairman. My name is Tom White, and I am appearing here voluntarily to answer the questions the Committee may have with respect to its investigation regarding the California energy marketplace in 2000 and 2001. Since May 2001 I have been privileged to serve as the Secretary of the Army. From July 1990 until that date, I was employed by Enron Corporation. For several years I ran various businesses that involved physical assets, including gas pipelines and power stations. Beginning in April 1998, I brought that experience to a startup retail energy business called Enron Energy Services, or EES, where I was assigned the duties of Vice Chairman, a job I held until February 2001. Enron was divided into a number of business units which changed from time to time as energy markets evolved over the years. With respect to the California energy market in 2000 and 2001, it is important to understand that the energy services business I ran was entirely separate from the wholesale business run by Enron Wholesale Services. EES was strictly a retail energy operation of national and international scope that sold commodity capital and energy services to the end users of energy. Those products included both gas and electricity, were both short and long term, and were sold to small and large customers located throughout the United States and the U.K.

Mon, 02/10/2014 - 16:47 | 4421009 Johnny Cocknballs
Johnny Cocknballs's picture

Soros is an embarrassment to the notion of capitalism, and to the human race.

He is an evil, truly evil fuck who deserves to be in jail. 


This list is a rough guide to who had the best inside information, and/or who can manipulate the markets the best.

Basically, it's like looking at a list of home run leaders about 15 years ago...  you'd just be looking at a correlation of who was doing the most juicing.

In such terms, Soros' has pea-sized testes at this stage.

Mon, 02/10/2014 - 16:51 | 4421032 messystateofaffairs
messystateofaffairs's picture

So many unkind comments about that nice Jewish old man Georgie. Why he and Dick Cheney are the first two people I want to interview when I get to heaven.

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