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BusinessSoros buys stocks linked to Bill Hwang s Archegos collapse - Bloomberg News
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FILE PHOTO: Billionaire investor George Soros speaks to the audience at the Schumpeter Award in Vienna, Austria June 21, 2019. REUTERS/Lisi Niesner/File Photo/File Photo
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Billionaire George Soros investment firm, Soros Fund Management bought shares of ViacomCBS Inc (VIAC.O), Discovery Inc (DISCA.O) and Baidu Inc (9888.HK) as they were being sold off during the meltdown of Bill Hwang s Archegos Capital Management, Bloomberg News reported on Saturday.
The fund bought $194 million of ViacomCBS, Baidu stock valued at $77 million, as well $46 million of Vipshop Holdings Ltd (VIPS.N) and $34 million of Tencent Music Entertainment Group (TME.N) during the first quarter, the report said citing a regulatory filing released on Friday.
Billionaire George Soros investment firm, Soros Fund Management bought shares of ViacomCBS Inc, Discovery Inc and Baidu Inc as they were being sold off during the meltdown of Bill Hwang s.
Soros buys stocks linked to Bill Hwang s Archegos collapse: Bloomberg News
05/15/2021 23:28
(Reuters) - Billionaire George Soros investment firm, Soros Fund Management bought shares of ViacomCBS Inc, Discovery Inc and Baidu Inc as they were being sold off during the meltdown of Bill Hwang s Archegos Capital Management, Bloomberg News reported on Saturday.
The fund bought $194 million of ViacomCBS, Baidu stock valued at $77 million, as well $46 million of Vipshop Holdings Ltd and $34 million of Tencent Music Entertainment Group during the first quarter, the report said https://bloom.bg/2RUQQJZ citing a regulatory filing released on Friday.
The company didn t hold the shares prior to Archegos s implosion, a person familiar with the fund s trading told Bloomberg.
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Soros buys stocks linked to Bill Hwang s Archegos collapse: Report
FILE PHOTO: Billionaire investor George Soros speaks to the audience at the Schumpeter Award in Vienna, Austria June 21, 2019. REUTERS/Lisi Niesner
16 May 2021 07:45AM (Updated:
16 May 2021 08:59PM) Share this content
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Billionaire George Soros investment firm, Soros Fund Management bought shares of ViacomCBS, Discovery and Baidu as they were being sold off during the meltdown of Bill Hwang s Archegos Capital Management, Bloomberg News reported on Saturday (May 15).
The fund bought US$194 million of ViacomCBS, Baidu stock valued at US$77 million, as well US$46 million of Vipshop Holdings Ltd and US$34 million of Tencent Music Entertainment Group during the first quarter, the report said citing a regulatory filing released on Friday.