Soros Lost $1 Billion Following Trump Election

Tyler Durden's picture

While Carl Icahn infamously made a killing following the "surprise" Trump election, another prominent hedge fund manager was not nearly as lucky. According to the WSJ, "George Soros lost nearly $1 billion as a result of the stock-market rally spurred by Donald Trump’s surprise presidential election."

Which, of course means, he only has $29 or so billion left.

As discussed in 2016, Soros returned to trading at Soros Fund Management LLC, which manages $30 billion for the Soros and his family. At the time, "Soros was cautious about the market going into November and became more bearish immediately after Mr. Trump’s election, according to people close to the matter."  In retrospect, that clearly proved a mistake as the market rallied on expectations that Trump’s policies will boost corporate earnings and the overall economy, even if such expectations may end up being premature. To be sure, Soros wasn't alone as many other experts had predicted a tumble for stocks in the wake of the election, but instead the Dow Jones Industrial Average has climbed 9.3%.

As a result, the WSJ reports that Soros incurred losses approaching $1 billion. Mr. Soros adjusted his positions and exited many of his bearish bets late last year, avoiding further losses, the people added.

The broader portfolio held by Mr. Soros’s firm performed better, posting profits before and after the election from long-held investments in sectors including financials and industrials, according to people familiar with the firm. Those gains helped Soros Fund Management gain about 5% on the year.

Meanwhile, Soros' former protege, Stanley Druckenmiller, who publicly changed his dour outlook on the economy following the Trump election which he said would prove positive for stocks and the economy, did far better, "and racked up sizable gains, according to people close to the matter."

Mr. Druckenmiller, who left Mr. Soros’s firm in 2000 and now invests his own money, took a very different stance on the presidential election.

 

Days before the election, Mr. Druckenmiller predicted to an investor that if Mrs. Clinton emerged victorious the stock market likely would rally initially but then would fall. Mr. Druckenmiller said if Mr. Trump won the election, the opposite result likely would occur—stocks first would tumble and then soar. Mr. Druckenmiller’s call was prescient.

Druckenmiller, who told CNBC a day after the election that he sold all his gold on the night of the election, and exited bearish positions, became bullish on certain sectors of the stock market, and said he was shorting bonds globally and expected the dollar to rally against the euro. These trades have paid off as Mr. Druckenmiller’s firm, Duquesne Family Office LLC, scored gains of more than 10% in 2016.

In October, Mr. Druckenmiller told Reuters that he backed Republican candidates for Congress in the hope of creating a “firewall” against Mrs. Clinton’s likely economic policies, including more government control of health care. He also said Mr. Trump had an “unstable personality,” and Mr. Druckenmiller added that he might not vote in the presidential election.

As Peter Thiel told the NYT last night, many of Trump's former hedge fund foes turned quite friendly as a result of the market rally that followed: "There were hedge fund people I spoke to about a week after the election. They hadn’t supported Trump. But all of a sudden, they sort of changed their minds. The stock market went up, and they were like, ‘Yes, actually, I don’t understand why I was against him all year long.’”

Of course, if and when the market turns lower, Trump's newly minted hedge fund friends, may rise again.

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VinceFostersGhost's picture

 

 

I feel bad......for the Jews he turned in.

 

Oddly enough........don't care he lost a billion dollars.

 

 

American Psycho's picture

Couldn't have happened to a bigger douche.

UndergroundPost's picture

Add another ZERO to his losses and it would have been over for the meddling Socialist Fuck!

Looney's picture

 

Soros’ head would look better on a stick.   ;-)

Looney

BaBaBouy's picture

There went Hill's 2020 fund ~~~

bobbbny's picture

These fucking lizards live so long don't they?

Joe Davola's picture

Add the $$'s he shoveled into her campaign and it's gotta be closer to 2 overall.

froze25's picture

1 Billion, thats all? Well its a good start.

----_-'s picture
----_- (not verified) froze25 Jan 12, 2017 10:36 AM

FALSE

SOROS SPENT 1+ BILLION TO GET TRUMP ELECTED

trumptards try to twist narrative to justiy their "muh cat toilet israel first" narative

you guys got played hard and now you will fight iran and china for glorious pissrael zio kikes hand in hand with nintedoyahoo

Bill of Rights's picture

Go back to huffpo dumb fuck

MillionDollarBonus_'s picture

Soros also lost money betting on Brexit! Well done alt right, you just deprived pension funds and philanthropic causes of over a billion dollars! Yes, that’s right. You’re not just hurting Soros when you disrupt the political paradigm – you’re negatively impacting millions of poor and helpless people all over the world!

The Internet Trolls Who Got Trump Elected

UmbilicalMosqueSweeper's picture

More useless eater pity from the SJW wanker. Boo Hoo.

xythras's picture

Good news the Zionist losing $

He'll now lose some influence in E europe also. You know, that part of Europe that's STILL 99.9% WHITE and PROUD.

Hungary learning the trick from Russia and kicking Soros' NGOs out

http://dailywesterner.com/news/2017-01-12/hungary-planning-major-crackdo...

Meanwhile in Norway, the anti-SJW Breivik, has another day in court defending his right to have a PS4 and to write to fans

http://dailywesterner.com/news/2017-01-12/norway-defends-in-court-the-in...

MalteseFalcon's picture

Since all of Soro's political actions are implemented solely to support his investments, it is hardly a surprise that a Trump victory cost him.

Creative_Destruct's picture

Too bad it wasn't 100 Bill. And Mr. Mark "The Market will crash if Trump is elected I guarantee it" Cuban hopefully took a bath on something too.

Resistance Is Hope's picture

Breivik is proof that the only thing stopping the alt right from conquering Norway and "democracies" is lack of organization and lack of willpower. They are so soft on serious crimes in Norway. All it takes is willpower of a tiny minority and breivik could be crowned king of Norway. 

Yog Soggoth's picture

Hey asshole your stupid site got porn on my computer. Stop posting this site on ZH. I am really pissed off!

Jeffersonian Liberal's picture

It's not satire. MDB has admitted as much...whole heartedly.

HermanVanCuckold's picture

"It's not satire. MDB has admitted as much ..."

Beware of these Liberals' public and private positions

_ConanTheLibertarian_'s picture

You're quiet lately. Why don't you just kill yourself.

Tactical Joke's picture

Where've you been, MDB? I've missed your satire getting the left and the right all lathered up.

hestroy's picture

OK retard. You always write such a bullshit. I hope you have some shekels for embarrasing yoursself.

Resistance Is Hope's picture

Lol yeah so sorry we negatively impacted the agenda 21 Georgia guidestones genocide of 6 billion people. Yeah alt right, how could you get in the way of free abortions for all women?! How could you oppose criminal alien invaders ruining your nation!? Shame and guilt! Shame and guilt! Hahahha haha you're a funny little guy aren't you MDB!!!! Haha hahahha!

Gamma735's picture

No, we deprived war criminals the means to carry out covert ops.

----_-'s picture

you know i have talked to americans and they are very very nice people, they are brilliand and smart and i think they are nice people.

i just talked to a nice guy online and his name is "bill of rights" and he is a very talented and smart guy, i maen he is really really nice.

its just you know he will finance the zionists and the construction of greater isreal, we will build a grater israel and america will pay for it. if he want it or not. i canse he refuses we will just take his tax money and send it to cat toilet israel, his children will also fight against iran and russia, bt i have massive respect for iran and russia. and  "bill of rights" is a very nice guy, i have massive respect for him.

ilion's picture

Soros spent 20M on Hillary campaign and thought he would make 1B of profit. Turned out another way.

Chris Dakota's picture
Chris Dakota (not verified) Joe Davola Jan 12, 2017 2:19 PM

Me right again! Months ago I looked at his chart and said "He is going to lose power, money and possibly his life"

One more to go.........lol

2_legs_bahhhhhd's picture

The only way to kill him is to drive a stake thru his wallet

overbet's picture

Soros would look so much better in that pic with tubes coming out of his nose and mouth.

Graph's picture

He has a wallet where other people have a hart.

Chris Dakota's picture
Chris Dakota (not verified) bobbbny Jan 12, 2017 2:22 PM

Vampires...that's what that was about.

Antifaschistische's picture

exactly!!   let's look at it another way.   he puts 100 million (swagging that number) into the HRC Foundation/Campaign Fund/BLM movement for what reason?  Perhaps because he intended to MAKE $1 Billion off of her victory....that didn't work out so well.

Yet...the MSM can ONLY focus on Mr. Trumps POTENTIAL "conflict of interest" if he happens to own a hotel in DC while he lives in the White House.

the complete hypocrisy is entertaining.

The Black Bishop's picture

I'll get excited when he looses the most important thing he has. His life.

 

Soros is human fucking excrement.

dizzyfingers's picture

I think rolling off a guillotine blade might be better...

JRobby's picture

Fuck him

Die and join your master, Satan.

jus_lite_reading's picture

Seat covers. Shoes. Maybe a football.

Chupacabra-322's picture

No worries, he wil, have his head lost soon if you when what I mean.

StackShinyStuff's picture

"We will test the guillotine...on Captain Soros!"

CPL's picture

Financially for The Man of Soro's (lol...know who he is yet?) the past eight years have been a big swan dive into the empty economic pool head first.  He was so convinced that his faith and sense of entitlement would save him, all that happens is he brains himself and ruins his fortune.  Remember, this guy is the grand master of trading fiat and PM's and there's a pretty good chance he's arranged a samson option to bring down the house once he's out of toner.

Sick Underbelly's picture

I hope you edit this drivel.  WTF happened that you couldn't proof and submit?  What are you trying to say?

"No worries, he wil, have his head lost soon if you when what I mean."

CPL's picture

They all die of heart related diseases and strokes eventually, nothing is permanent.  They are not permanent fixtures.  Everything changes regardless of wishful thinking otherwise.  Everyone's opportunity in the situation is to understand where to find the opportunity once it shits the bed.  This culling of pigs opens the door and grants the situation to properly build a future without any of these fuckwits or their retarded ideas about how responsiblity is used.

For the beheading, you should understand that earth across all of the groups have a tradition of king killing.  Sometimes it's for the best for everyone when these cunts lose everything over the shoulders.  Might not seem like it, might seem unfair.  But it's as fair as it gets to plough the old filth under the soil as fertilizer for the next.

Point blank, it always starts from scratch and not damn thing anyone can do about it.

 

Yog Soggoth's picture

Pharisee Would be the correct term instead of socialist. Socialism is but a tool for his kind.